openPR Logo
Press release

direct/ Imtech N.V. (NL) - Imtech: Chinese maritime order book grows to 120 million euro

06-20-2007 07:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Imtech (NL)

Growth is up more than 50 percent compared to two years ago

Gouda, The Netherlands, 20 June 2007 - Imtech N.V. (technical services provider) announces that its maritime order book in China is growing rapidly. Growth is up more than 50 percent compared to two years ago. The Chinese order book currently includes orders for providing technological solutions for more than 240 ships - projects worth a total of over 120 million euro.

Imtech is one of the largest maritime technical services providers in the world. In addition to a concentration in Europe and the USA, Imtech is also increasingly active outside these areas. Globalisation of maritime industry has made China into an important focal point for export and production for Imtech´s maritime technological solutions.

Imtech is strengthening the growing Chinese market from a number of positions. On the one hand from Imtech´s maritime competence centres in the Netherlands, Germany and China, and on the other hand through participation in a Chinese joint venture, own production facilities, and a network of Radio Holland Group - that was acquired last year - service locations in China. From a total of seven Chinese maritime locations, Imtech is working predominantly for Western ship-owners that order ships from Chinese shipyards but want high-quality maritime technology on board the vessels.

The order book includes container ships, tankers, bulk carriers, multi-purpose ships, heavy lift carriers, crane ships and luxury yachts. Imtech is active at dozens of Chinese shipyards. For example, it recently received an order for technology on board 20 feeder container ships being built at Chinese shipyard Zhejiang Ouhua Shipbuilding Co. This order alone represents a value of more than 15 million euro. Other recent orders are more than twenty tugboats built at Fujian Southeast Shipyard, four general cargo vessels at Tianjin Xingang Shipyard, and four chemical tankers being built at the Chinese shipyard Liaoning Hongguan.

Increasingly more intensive co-operation between the various divisions and business units within Imtech´s maritime cluster will allows Imtech to increase its activities and market share on the Chinese maritime market step by step. An Action Plan was recently drawn up in this context to enable broader market penetration and gradual expansion of the number of Chinese service locations.

Imtech´s range of innovative products and services include project and site management, interfaced and integrated ship bridges, propulsion solutions, power generation and distribution, alarm and monitoring systems, local area networks on board, navigation, communication and entertainment equipment, air conditioning and climate control solutions, fire safety & sprinkler solutions and integrated security solutions. In this scope of supply environmental sustainability and energy-safety considerations are of primary concern to Imtech.

Further information
Imtech N.V.
Pieter Koenders
Manager Corporate Communications
Telephone: +31 182 54 35 28

Imtech Profile
Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT (information and communication technology) and mechanical engineering. With approximately 17,000 employees, Imtech realises annual revenue of 3 billion euro. Imtech holds strong positions in the buildings, industry, infrastructure and telecom markets in Belgium, Germany, Luxembourg, the Netherlands, Eastern Europe, Spain and the UK and in the global maritime market. Imtech provides services to a total of 12,000 clients. Imtech offers added value in the form of integrated and multidisciplinary total solutions that lead to improved operating processes and higher yields for clients and their clients in return. Imtech also provides solutions that contribute to a sustainable, liveable society, for example in the field of energy, mobility, safety and the environment. Imtech shares are listed on the Euronext Stock Exchange (Amsterdam), where Imtech is included in the Amsterdam SmallCap Index (AScX) and the Next 150 index.

pdf version press release

The announcement distributed by Hugin directnews.
The issuer is solely responsible for the content of this announcement.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release direct/ Imtech N.V. (NL) - Imtech: Chinese maritime order book grows to 120 million euro here

News-ID: 22590 • Views: 1337

More Releases from Imtech (NL)

direct/ Imtech N.V. (NL) - Today after close of trading share split Imtech share …
Gouda, The Netherlands, 3 October 2007 - Imtech N.V. (technical services provider in Europe) announces that during the Extraordinary General Meeting of Shareholders of Imtech N.V. on 1 October last, the shareholders have approved an amendment to the articles of association. This implies that as of 3 October 2007 after close of trading each ordinary share listed on Euronext Amsterdam by NYSE Euronext with a nominal value of 2.40 euro
direct/ Imtech N.V. (NL) - Imtech: 250 million orders in Germany over past two m …
Gouda / Hamburg, 27 September 2007 - Imtech N.V. (technical services provider in Europe) announces that it has received orders in Germany over the past two months valued at 250 million euro for total technological solutions in both the industrial market and the buildings market. The economic situation in Germany has improved substantially after a number of years of stagnation and a negative economic environment. Imtech, one of the largest
direct/ Imtech N.V. (NL) - Imtech: further growth possible through re-financing
300 million euro committed credit facilities for re-financing existing credit facilities and financing Imtech´s future growth - Preparation for group bank guarantee facility of around 550 million euro - Continuation of existing uncommitted bilateral credit facilities of around 200 million euro Gouda - Imtech N.V. (technical services provider in Europe) announces that it has signed a new credit facility of 300 million euro. Imtech will use this new committed facility
Imtech: 85 million euro orders for technology in computer and data centres Germa …
Gouda / Hamburg - Imtech N.V. (technical services provider in Europe) announces that it has received orders worth more than 85 million euro for total technological solutions for the overhaul and/or expansion of computer and data centres of financial institutions in Germany. The economic situation in Germany is picking up after a number of years of stagnation and negative economic conditions. Growth in exports first led to improvement in the

All 5 Releases

More Releases for Chinese

Chinese Influence on Global Infrastructure
"The Latest Research Report Chinese Influence on Global Infrastructure provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. -" About Chinese Influence Market This report outlines and analyzes all infrastructure projects around the world in which Chinese companies including owners, financers, and contractors are involved. Summary Throughout the 21st century, China has been a world leader in expanding its infrastructure base, creating the worlds largest high-speed rail
Chinese Investors Look Abroad
Beijing, China July 30, 2012 – An Outbound Investment Seminar hosted by Chance & Bridge Partners drew a large audience of investors, Chinese SMEs, and international partner law firms. Many Chinese investors and companies are looking to diversify their holdings and enter new markets. This has led to an increase in cross-border investment, banking, consulting, and legal services for the Chinese clients. Many of these areas were addressed during the
Host1Plus enters Chinese market
London, United Kingdom, January 14, 2011 - Host1Plus, a London based international hosting company has started its operations in Chinese market. The services will be managed from Singapore. Host1Plus has contracted with one of the best data centers in Singapore. This deal allows Host1Plus providing the locally bases services in main language of China. The Chinese support will operate 24/7. The Chinese version of the website is in Chinese Simplified
MWM ‒ Chinese Web Site Online
Mannheim, April 26, 2010 In mid-April, a new Web site of MWM GmbH in Chinese went live. However, the new domain with the Internet address is not merely a Chinese translation of the corporate Web site In addition to general information about the Mannheim-based company, the site also features special content elements for the Chinese market. The site contents are also available in English. MWM, a tradition-rich company established
07-13-2009 | Arts & Culture
About Chinese Calligraphy
Derived from the Greek words for "beauty" and "writing", calligraphy is a very old art. Usually the necessary tools for writing calligraphy are paper, quill and ink. Chinese Calligraphy is based on Chinese characters that are handwritten on paper as well as bones and plates of clay or stone using a brush or a knife (seal carving). In the broader sense calligraphy is a play of brush strokes both, in the
Questrade launches Chinese outreach initiative
Toronto, ON (October 8th, 2008) – Questrade Inc. today announced a new initiative for the Chinese-speaking community. This includes: the Questrade corporate website in traditional and simplified Chinese. The site includes pricing and rates, trading platforms, investment products and services, security and privacy, and contact information. Also available is Questrade’s live help tool, which allows clients to chat instantly online with client services representatives in simplified and traditional Chinese. Edward