Technip, ArcelorMittal sign R&D agreement

Technip has signed a €200 million ($270 million) contract for ArcelorMittal to provide steel wire for Technip’s flexible sheaths.

Offshore staff

PARIS – Technip has signed a €200 million ($270 million) contract for ArcelorMittal to provide steel wire for Technip’s flexible sheaths.

The agreement also has a research and development element whereby Technip and ArcelorMittal will develop new wire solutions to meet flexible pipe requirements.

The work will be at ArcelorMittal’s Bourg-en-Presse, Rhônes-Alpes, France.

9/19/13

More in Company News