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Last updateSun, 04 Feb 2024 4am

Rotork announces the acquisition of Schischek

Rotork p.l.c., the market leading actuator manufacturer and flow control company, today announces the acquisition of the entire share capital of the operating companies of the Schischek group of companies (“Schischek”). Schischek is a leader in the design, manufacture and sale of explosion-proof electric actuators, principally for the heating, ventilation, and air conditioning (“HVAC”) market place.

Schischek was founded by Alexander Schischek and has its main sites in Langenzenn near Nuremberg in Southern Germany and Lutzenberg in Switzerland. The acquisition will enhance Rotork’s existing range of explosion-proof actuators and provide Rotork with exposure to an attractive new end market.

The purchase price is €41 million which will be paid using cash reserves and committed bank facilities. Rotork will also be assuming net debt of €1.3m. The sum of €4.1 million will be held in escrow for 12 months as security for warranties under the sale agreements. Schischek’s operating profit in 2012 is expected to be around €5.5 million.

Schischek will become part of Rotork’s Controls division. Roland Graf, the current Managing Director of Schischek, will remain in his role following the acquisition.

Commenting on the acquisition Peter France, Chief Executive, said:

“Schischek is an excellent addition to Rotork’s Controls division. Schischek’s explosion-proof products, which are highly regarded for their quality and reliability, will enhance our range of electric actuators and enlarge our addressable market.”

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KBR to Provide License & Basic Engineering Design for Ammonia Plant Revamp in Hungary

KBR has recently announced that it has been awarded a contract to provide a License and Basic Engineering Design Package as part of the Ammonia Plant Revamp for capacity increase at reduced energy consumption by Nitrogenmuvek in the city of Petfurdo, Hungary.

KBR will increase ammonia capacity for a 1970s vintage-designed plant from originally 1000 tonnes per day (mtpd) to 1650 mtpd. As a leading supplier of ammonia process technologies, KBR has been involved in the licensing, design, engineering and/or construction of more than 200 ammonia plants worldwide, representing approximately half of current global ammonia production.

“Our goal in this revamp project is to enable Nitrogenmuvek to extract the maximum possible performance from their KBR-designed ammonia plants,” said John Derbyshire, President, KBR Technology. “This contract represents an opportunity for KBR to further expand its footprint in the rapidly increasing ammonia revamp business.”

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Technip awarded contract by GDF SUEZ E&P UK for the Juliet project

Technip has been awarded by GDF SUEZ E&P UK Limited an engineering, procurement, installation and construction contract for the Juliet project, located 40 kilometers East of the Humberside estuary, at a water depth of approximately 20 to 60 meters.

This contract, which is a tie-back to the Pickerill A platform, will cover the installation of a:

  • 12” 22-kilometer rigid flowline(1),
  • 22 kilometer static controls umbilical(2),
  • 12” riser(3),
  • 16” J-Tube assembly,
  • 100-ton manifold(4).

Technip’s operating centers in Aberdeen, Scotland and in Oslo, Norway will work in conjunction to deliver this project. The offshore campaign is scheduled to be completed by the end of 2013 and will use vessels from the Technip fleet, including the Apache II and Normand Pioneer.

Knut Boe, Senior Vice President, Technip’s North Sea Canada Region, declared: “We are delighted to be working with GDF SUEZ to deliver the Juliet development. This project is a great example of the ongoing level of investment in the UK Continental Shelf and the subsea opportunities that are arising as result. Furthermore, this project will see our Aberdeen and Oslo-based teams work very closely. It demonstrates Technip's strength as an international company sharing expertise and resources across national boundaries and it also confirms our position as a leading contractor in the North Sea area.”

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Foster Wheeler Acquires Pharma/Biotech Construction Management Company

Foster Wheeler AG (Nasdaq: FWLT) announced today that it has acquired Yonkers Industries, Inc., a 30-year-old US-based firm that specializes in the management of construction and commissioning of pharmaceutical and biotech facilities, with capabilities to also manage the full EPCm (Engineering, Procurement and Construction Management) of such facilities.

With offices in California, North Carolina and Puerto Rico, Yonkers Industries has approximately 200 professionals. Through its participation in a project-services partnership called Modular Partners, Yonkers also has the ability to provide modular project delivery services on a worldwide basis.

“The acquisition of Yonkers Industries gives our pharmaceutical business a construction management capability in North America,” said Kent Masters, Chief Executive Officer of Foster Wheeler AG. “Yonkers has a global reputation for excellence in contract execution, and the addition of this construction management capability immediately strengthens our value proposition to pharmaceutical and biotech clients.”

Masters added, “Foster Wheeler Biokinetics, our US-based pharmaceutical unit, will experience the most immediate benefit from this acquisition – as the client portfolios and geographic coverage of the two companies fit together quite effectively. We believe that the project and construction management skills of Yonkers are a perfect complement to the biotech engineering expertise of Biokinetics.”

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Technip awarded an important contract by BASF for a chemical project in Germany

Technip, in a consortium with Asahi Kasei Chemicals Corporation Japan, has been awarded by BASF S.E. a lump sum turnkey engineering, procurement and construction (EPC) contract, for the expansion project of a chlorine plant (chlor-alkali). The plant is situated in Ludwigshafen, Germany, BASF’s largest production site worldwide.

The work will include a membrane chlorine plant expansion as well as the integration and implementation of existing equipment and facilities.  Technip will be responsible for the complete EPC execution of the project using Asahi Kasei Chemicals Corporation’s technology and proprietary equipment. The project is scheduled to start up in the second semester of 2014.

Technip’s operating center in Düsseldorf, Germany will execute the project. This contract reinforces our relationship with BASF and provides it with access to Technip’s extensive expertise in the chemical sector. This award follows the successful execution of the conversion project in 2002 as well as the pre front-end engineering design (FEED) and the FEED phases of the Ludwigshafen project, which were also carried out by Technip.

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