Bratislava, 6 September 2013 - The cornerstone of a new LDPE manufacturing unit was today laid in Vlčiehrdlo (Bratislava, Slovak Republic) by Slovak Prime Minister Robert Fico, Economy Minister Tomáš Malatinský, MOL Chairman and CEO ZsoltHernádi, Oszkár Világi, SLOVNAFT Chairman of the Board of Directors, Pierroberto Folgiero, CEO of Maire Tecnimont Group and representatives of TALKE company.

The project has been awarded to Tecnimont, in consortium with Tecnimont Planung und Industrieanlagenbau both subsidiaries of Maire Tecnimont Group, by the Client Slovnaft Petrochemicals s.r.o., member of the MOL Group, one of the largest players in the European Oil & Gas market.  

The project is part of the Slovnaft Petrochemicals’ development plan in Bratislava. The new LDPE4 unit will replace seven older lines and will produce low density polyethylene. This is the basis for a wide range of products, such as food and agricultural plastic wrapping, toys, health supplies, insulation and other materials used in construction. Once the new line starts operating, annual polyethylene production capacity will reach 220,000 tonnes.

Pierroberto Folgiero, CEO of Maire Tecnimont, said: “With this project we confirm our outstanding experience in Petrochemicals Industry being Tecnimont part of the history of the polyolefin technologies and further strengthen our presence in Central and Eastern Europe, where we are focusing our attention to support the development of Petrochemical as well as Fertilizer industries, leveraging on Maire Tecnimont Group’s know-how and proprietary technologies. In this view, we are proud to be one of the key actors in the most relevant investment in the region.”

The realization of the LDPE4 unit will have a positive impact on the employment of the region. It is foreseen that at peak construction activities will employ approximately 1000 workers.

Maire Tecnimont SpA

Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, is the holding company of an international industrial group (Maire Tecnimont Group) leader in the sectors of Engineering & Construction (E&C), Technology & Licensing and Energy & Ventureswith specific skills in plant engineering in particular in the hydrocarbon industry (Oil & Gas, Petrochemicals, Fertilizers) and also in Power Generation and Infrastructures. The Maire Tecnimont Group is present in about 30 countries, has about 45 operating companies and about 4,200 employees, half of whom are located abroad. For further information: www.mairetecnimont.com.