Press Releases - Contracts

Paris-La Défense, December 15, 2000

Technip: contract award for a chemical plant to serve the pulp and paper industry in Finland

BASF Oy (Finland), a subsidiary of the German chemical company BASF Aktiengesellschaft, Ludwigshafen, has awarded a lump sum turnkey contract to a consortium, made up of TECHNIP and RINTEKNO, for the design and construction of a paper coating binder production plant at Hamina, on the southern coast of Finland, about 150km east of Helsinki.

Paper coating binder is a chemical additive used in the manufacturing of paper.

The plant will have a design capacity of 140,000 tons per year. The total investment is 50 million euros.

TECHNIP/RINTEKNO's scope of work entails the detail engineering, procurement, supply of equipment and materials as well as construction.

The project will be carried out by the engineering center of TECHNIP in Dusseldorf, Germany, in collaboration with RINTEKNO Oy, an engineering and construction firm based in Espoo (Helsinki) in which TECHNIP has a 28.6% stake.

The plant is scheduled for completion in 2002