Skip to main content

History

History_early_1900s

Early 1900’s

Tecnimont's precursors designed and built plants for the chemical and oil industry, both in Italy and abroad, for over 50 years, establishing a record for engineering works, procurement, and construction projects around the world.

1920

Giacomo Fauser works on the production of ammonia by direct reaction of hydrogen and nitrogen and develops a design of the vessel.

history_ammonia_1930s
history_30-50_gorlockva

1930 -1950

Montecatini Research and Development Center G. Donegani develops original processes for fertilizers production.

1958

On July 9th, a new company called “Industrial Consulting Bureau Private Limited (ICB Private Limited” was incorporated in Mumbai. The primary activities were small Feasibility and Engineering services jobs.

history_1960-90

1960-1990

Montedison (and later Tecnimont) focuses on the development of single stream, large capacity ammonia and urea plants and low energy, high capacity urea technology.

1963

Giulio Natta wins the Chemistry Nobel Prize for the invention of polypropylene, thanks to the collaboration between the Polytechnic of Milan and Montecatini.

history_Natta

1970's

Tecnimont evolved as the Engineering and Development Division of the Montedison Group, absorbing its tradition of scientific research in close collaboration with local industrial systems capable of engineering laboratory innovation.
In 1972 , FIAT Engineering, formerly the Fiat group's Building and Plant service, was incorporated, operating primarily in the infrastructure sector.
 

1973

After decades of growth in the plant engineering sector, within Edison and Montecatini, Tecnimont is incorporated into the Montedison Group.

history_1973
history_1977

1977

Creation of the first JV between the Indian based consulting firm ICB and Tecnimont.

1992 - 1995

In a bid to directly operate on the German market, Tecnimont completed the process of establishing Tecnimont Planung Industrieanlagenbau Salzgitter GmbH (“TPI”), the engineering center with relevant high-end know-how in the planning of plants to produce low density polyethylene (LDPE).

1996

Tecnimont acquires 50% of ICB, renamed as Tecnimont ICB Private Limited (TICB).

2005

Tecnimont is acquired by Maire Group: the Maire Tecnimont Group is born; Maire Tecnimont is then listed on the Milan Stock Exchange in November 2007.

History_stock_exchange

2007

The Indian company Tecnimont Pvt. Ltd. (formerly TICB), after the acquisition of the remaining 50%, becomes a fully owned subsidiary of Maire Tecnimont Group.

2009 - 2010

Dutch company Stamicarbon (2009), and Technip KTI (2010), today KT - Kinetics Technology join Tecnimont as part of the Maire Tecnimont Group.

History_quotazione

2011 - 2015

Tecnimont goes through a turnaround. The Group completes its recapitalization, the Top Management is reorganized, and a business repositioning plan is launched together with a deleveraging program.

2016 - 2018

A new phase for business growth: based on the broad knowledge and experience of the Maire Tecnimont Group and its subsidiaries, a technology-driven strategy in the field of hydrocarbon transformation is opted for, while gradually adopting renewable energy production and green chemistry.

History_flag

2018

60 years of the Tecnimont Private Limited are celebrated as prime example of Italy-India cooperation.

Last update: 21/05/2019 22:18