According to foreign media reports on May 28th, the French engineering company Technip is currently acquiring Stone & Webster, the energy and chemicals business unit of the Sauer Group, for US$300 million. Technology company. The acquisition will merge the two largest ethylene cracker manufacturers in the world. After the acquisition is completed, the industry monopoly will further intensify.
It is understood that 120 of the world's 260 crackers are designed or manufactured by Stone Webster. In addition, many polymer production plants, including polyethylene plants, are also designed or manufactured by the company. This $300 million transaction also includes the shares of the Sauer Group in its joint venture with ExxonMobil, Badger Licensing, which primarily provides users with styrene and bisphenol. A, etc. Aromatic product production technology. In addition, Technieb will also receive technologies related to the energy and refining businesses of the Sauer Group, such as gas-liquid conversion and catalytic cracking technologies.
Dhzinib will also take over from the Sauer Group several offices related to this business, which are located in Cambridge, Massachusetts, Houston, Milton Keynes, England, and Mumbai, India, as well as Weimao, Massachusetts. S & R Center.
The Energy and Chemicals Business Department of Sauer Group is basically composed of Stone Webster Corporation. In the fiscal year ended on August 31, 2011, a total of US$593 million in pretax income was completed, which was US$190 million less than expected. The reason for this result is that the speed of accepting new projects has slowed down. At the same time, the project construction of the Singapore factory is also slower than expected.
However, Thierry Pilenko, CEO of Technieb, is still very optimistic about the prospects for the construction of petrochemical projects. In particular, the United States' rich and low-cost shale gas is stimulating petrochemical producers to launch a new cracking project. He said: “It seems that people’s enthusiasm for building new projects is higher than in the past 10 years, whether they are petrochemical projects or fertilizer projects. Through this project acquisition, the company will have downstream technology and engineering human resources, and the business will be extended downwards. A better platform. This project acquisition will help us play a bigger role in the US petrochemical market.â€
France Technieb Group is a world-renowned company listed in New York and Paris. Founded on April 21, 1958, it is mainly engaged in the design, technology and construction of petroleum, natural gas, petrochemical and other industrial projects. The natural gas industry provides innovative solutions and technical support and is a world leader.
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