Technip wins contract to build BASF paper coating plant

15 December 2000 13:29  [Source: ICIS news]

LONDON (CNI)--French engineering contractor Technip said Friday it has won a lump-sum turnkey contract from Germany's BASF for the design and construction of a 140 000 tonne/year paper coating binder production plant at Hamina, Finland.

The contract, awarded to Technip in association with Finnish engineering and construction firm Rintenko, involves detailed engineering, procurement, supply of equipment and materials as well as construction.

Technip, which has a 28.6% stake in Espoo (Helsinki) based Rintenko, said total investment in the new plant is Euro50m ($44m). However, it did not disclose the value of the turnkey design and construction contract, which has been placed by BASF's Finnish subsidiary BASF Oy.

The plant is scheduled for completion in 2002 and will produce styrene butadiene and styrene acrylate dispersions, which BASF plans to market in the Nordic region, principally in Finland and Sweden. It is part of a planned worldwide investment of more than DM500m ($227m/Euro256m) which BASF plans to make in new production plants and research and development (R&D) for paper chemicals by 2004.

By: Neil Sinclair
+44 20 8652 3214

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