Pause operations: company temporarily curtailing operations while keeping return options open
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Maire Tecnimont S.p.A. is an Italian group of 50 active companies in the engineering, technology and energy sectors. He focuses on plant design in the oil and gas, chemical and petrochemical industries, green chemistry and technologies that support the energy transition.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionThe Italian industrial conglomerate MAIRE, a major player in the global engineering and construction sector, faces a potential existential threat as a high-stakes court case unfolds in Russia. The litigation, filed by the Russian division of EuroChem, a leading chemical company, targets MAIRE’s subsidiary Tecnimont S.p.A. and its Russian operations. The total claims amount to approximately €2 billion, an amount strikingly close to MAIRE’s entire market capitalization, raising alarm bells across the company’s investor base and the broader European engineering industry.
Suspended commercial activities; managing existing backlog. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.