Home / Knowledge / News / Textiles / Technip to acquire Zimmer Polymer Technologies
Technip to acquire Zimmer Polymer Technologies
17
Dec '14
Technip a leader in project management, engineering and construction for the energy industry said it will purchase the Zimmer polymer technology business from Air Liquide Global E&C Solutions, Germany.

The Zimmer business includes technologies for the processing of polyesters and polyamides1, research and development facilities, and a team of around 40 skilled engineers, researchers and project teams.

According to Technip, the new polymers business will diversify and strengthen Technip’s portfolio of downstream technologies in its onshore segment.

It is expected to enhance Technip’s position as a technology provider to the petrochemicals industries and reinforce relations with global clients and partners, backed by Zimmer’s recognized expertise.

Technip said it will also help diversify its onshore segment; thereby adding revenue based on technology supply and finally add skilled resources, notably in technology development in Europe.

Technip plans to integrate the new polymers technology business through Technip Stone & Webster Process Technology, the onshore global business unit formed in 2012.

Stan Knez, Sr VP at Technip Stone & Webster Process said, "The Zimmer polymer technology portfolio will reinforce our focus on technology as a way to differentiate us from our competitors.”

Technip has a strong track record in major project execution and is positioned to provide services for its clients ranging from conceptual studies, PDPs2, FEEDs3, and detailed engineering.

The transaction is expected to close by year-end, subject to customary approval. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search