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Technip forms two joint ventures with Chinese engineering company

1:00 AM MDT | September 10, 2013 | Natasha Alperowicz

Technip, Europe’s largest engineering & construction (E&C) firm, has signed an agreement with China Huanqiu Contracting & Engineering Corp., (HQC), a CNPC subsidiary, to form two joint ventures, Technip announced today. The agreement was signed by the Rome based subsidiary of Technip and will involve the setting up of jv companies headquartered in Rome and in Beijing. Technip will hold 51% in the jv based in Rome and HQC the remaining share. HQC will own 51% in the Beijing based jv and Technip the remaining 49%. .   The two companies will...

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