Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont Planung & Industrieanlagenbau GmbH and MT Russia LLC have been awarded an EP contract (Engineering and Procurement) for the execution of a Low-Density Polyethylene (LDPE)/ Ethylene-Vinyl Acetate (EVA) plant, to be implemented inside the existing KOS facilities, located in Kazan, in the Republic of Tatarstan (Russian Federation).
The overall EP contract value is approximately €130 million.
The Project was awarded by Kazanorgsintez PJSC (KOS)
KOS is one of the largest producers of polyethylene in the Russian Federation, supplying its products to 36 countries worldwide.
The contract signing ceremony was held in Maire Tecnimont Group’s Milan headquarters and attended by KOS General Director Farid Minigulov and Maire Tecnimont Group CEO Pierroberto Folgiero, together with several top executives of both companies.
The contract is under a Lump Sum scheme for the Engineering and Procurement Services and under a Reimbursable scheme for the Equipment and Material supply.
The scope of the project includes the implementation of a new LDPE/EVA Plant with a capacity of 100,000 tons per year.
The Project will be mainly aimed at expanding the production capacity of polyolefins, and its completion is expected within about 40 months from the contract signing date.
The portion of the scope of work in the Russian Federation will be performed by MT Russia in its Moscow engineering centre, where Maire Tecnimont Group employs about 200 specialists currently involved in several ongoing Russian projects.
MT Russia represents therefore an asset within the Group’s network, with a well-established reputation as a provider of added value services to the Russian market. Tecnimont Planung & Industrieanlagenbau is Tecnimont’s German engineering subsidiary located in Braunschweig, highly specialized in the design of LDPE plants.