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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
E-mail: pieter.koenders@imtech.eu
www.imtech.eu

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.

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