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Chinese maritime order book grows to 120 million euro

Growth is up more than 50 percent compared to two years ago

(PresseBox) (Hamburg, ) Imtech N.V. (technical services provider) announces that its maritime order book in China is growing rapidly. Growth is up more than 50 percent compared to two years ago. The Chinese order book currently includes orders for providing technological solutions for more than 240 ships - projects worth a total of over 120 million euro.

Imtech is one of the largest maritime technical services providers in the world. In addition to a concentration in Europe and the USA, Imtech is also increasingly active outside these areas. Globalisation of maritime industry has made China into an important focal point for export and production for Imtech´s maritime technological solutions.

Imtech is strengthening the growing Chinese market from a number of positions. On the one hand from Imtech´s maritime competence centres in the Netherlands, Germany and China, and on the other hand through participation in a Chinese joint venture, own production facilities, and a network of Radio Holland Group - that was acquired last year - service locations in China. From a total of seven Chinese maritime locations, Imtech is working predominantly for Western ship-owners that order ships from Chinese shipyards but want high-quality maritime technology on board the vessels.

The order book includes container ships, tankers, bulk carriers, multi-purpose ships, heavy lift carriers, crane ships and luxury yachts. Imtech is active at dozens of Chinese shipyards. For example, it recently received an order for technology on board 20 feeder container ships being built at Chinese shipyard Zhejiang Ouhua Shipbuilding Co. This order alone represents a value of more than 15 million euro. Other recent orders are more than twenty tugboats built at Fujian Southeast Shipyard, four general cargo vessels at Tianjin Xingang Shipyard, and four chemical tankers being built at the Chinese shipyard Liaoning Hongguan.

Increasingly more intensive co-operation between the various divisions and business units within Imtech´s maritime cluster will allows Imtech to increase its activities and market share on the Chinese maritime market step by step. An Action Plan was recently drawn up in this context to enable broader market penetration and gradual expansion of the number of Chinese service locations.

Imtech´s range of innovative products and services include project and site management, interfaced and integrated ship bridges, propulsion solutions, power generation and distribution, alarm and monitoring systems, local area networks on board, navigation, communication and entertainment equipment, air conditioning and climate control solutions, fire safety & sprinkler solutions and integrated security solutions. In this scope of supply environmental sustainability and energy-safety considerations are of primary concern to Imtech.

Imtech Contracting GmbH

Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT and mechanical engineering. With over 19,000 employees, Imtech achieves annual revenue of more than 3.3 billion euro. Imtech holds strong positions in the buildings, industry and infrastructure/mobility markets in the Netherlands, Belgium, Luxembourg, Germany, Eastern Europe, the UK, Ireland and Spain and in the global marine market. In total Imtech serves 14,000 customers. Imtech offers added value in the form of integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for customers and the customers they, in their turn, serve. Imtech also offers solutions that contribute towards a sustainable society, for example in the areas of energy, the environment, water and mobility. Imtech shares are listed on the Euronext Stock Exchange Amsterdam, where Imtech is included in the Midcap Index. Imtech shares are also included in the Dow Jones STOXX 600 index.