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Over a half-century of engineering excellence
For more than 50 years, Technip has demonstrated its ability to anticipate and adapt to changing market trends and customer expectations. Through international expansion and continuous development of our expertise and know how, Technip has evolved into a world-class engineering group.
Technip, an engineering company, is established in Paris with a workforce of 100 people.
First series of successes abroad with the completion of projects in Africa and Asia.
Technip establishes an office in Rome, making it an international company.
Technip Geoproduction, a subsidiary specialized in the equipment of hydrocarbon fields, is established.
During this period, Coflexip – a firm specialized in the design, manufacture and supply of flexible subsea flowlines– is created by the IFP (French Petroleum Institute) and opens a flexible flowline manufacturing plant in Le Trait, France, as well as offices in Houston, Aberdeen and Rio de Janeiro.
Technip expands its global presence and opens operating centers in Kuala Lumpur and Abu Dhabi.
Coflexip opens a second flowline manufacturing plant in Brazil and branches out into the manufacture of umbilicals with the establishment of the Duco plant in Newcastle, UK.
The Technip share is listed on the Paris Stock Exchange and the Coflexip share is listed on the New York Stock Exchange.
Technip becomes one of the world’s leading engineering groups through the acquisition of companies with strong technological expertise: Speichim, Krebs and KTI. Established in the United States, KTI enables Technip to set up in North America. Coflexip establishes a presence in Australia and acquires the Norwegian company Stena Offshore.
Technip merges with Coflexip, which has just acquired Aker Maritime’s Deepwater Division. The unified group is now one of the top five companies worldwide in engineering, technologies and services for the energy industry. Many major contracts are signed, notably in the Middle East in the liquefied natural gas (LNG), ethylene and refining sectors.
The Technip share is included in the CAC40, the benchmark index on the Paris stock exchange in September 2009.
In 2010 three major assets come into operation:
Technip acquires Global Industries and substantially expands its addressable market in subsea. Global Industries’ capabilities, offshore heavy lift know-how and assets along with Technip’s unique vertically integrated range of products and services enables an offer of substantial value in the execution of complex projects from deep-to-shore
Technip acquired Stone & Webster Process Technologies and associated oil and gas engineering capabilities from the Shaw Group. Stone & Webster portfolio of technologies in ethylene, refining and petrochemicals is complementary to Technip’s business and will enable us to become a world-class downstream technology leader.