March 29, 2017 12:19 PM ET

Construction and Engineering

Company Overview of M+W Group GmbH

Company Overview

M+W Group GmbH, a high-tech engineering and construction company, engages in the design, engineering, and construction of high tech facilities and major complex projects in Germany and internationally. It offers consulting and planning services, such as feasibility studies, site evaluations, and technical concepts; and design and engineering services, including business integrated modelling, installation planning, and approval engineering services. The company also provides preconstruction and project management services, including procurement, EPC/EPCM, and commissioning; and service, maintenance, and installation solutions, such as technical maintenance, expert leasing, and training. The c...

Lotterbergstr. 30

Stuttgart,  70499

Germany

Founded in 1912

Phone:

49 7 11 88 04 0

Fax:

49 7 11 88 04 13 09

Key Executives for M+W Group GmbH

Chief Executive Officer
Age: 57
Chief Financial Officer and Member of The Executive Board
Age: 47
Chief Operating Officer
Age: 56
Head of Human Resources India
Head of Talent Management
Compensation as of Fiscal Year 2016.

M+W Group GmbH Key Developments

M+W Group Announces Management Changes

Wolfgang Buchele, the former CEO of Linde, has joined M+W Group as CEO, effective 1 March, M+W. Buchele last December prematurely stepped down as CEO of Linde. Before becoming CEO of Linde in 2014, Buchele was CEO of Kemira. From 2009 to 2011, he was CEO of BorsodChem. He is currently also chairman of the supervisory board of Merck KGaA, and he is a member of the board of directors at Kemira. M+W also announced that Roberto Penno joined the company as chief operating officer (COO), effective 1 March, after a long career with petrochemicals and energy engineer Amec Foster Wheeler and predecessor company Foster Wheeler. M+W's previous CEO and the previous COO had left the company.

Altech Chemicals Signs Agreement with M+W Group for Construction of Malaysian High Purity Alumina Plant

Altech Chemicals Limited has signed an agreement with M+W Group on a framework for a fixed price EPC contract for the construction of Malaysian high purity alumina, or HPA, plant. A fixed price EPC contract is a very positive outcome for shareholders, project financiers and the HPA project as it significantly de-risks the construction phase of the project; specifically, completion risk (cost and timeline) and project operability risk (at completion and handover). Further, typical fixed price contract provisions will apply such as throughput performance guarantees and warranty periods, a performance bond, warranty bond, liquidated damages for delay in completion and a bonus for early completion. The process guarantee remains with Altech and the technical risks have been minimized through extensive test work and pilot plant testing. Work is ongoing with M+W Group to finalize details of the fixed price EPC contract. Information from the continuing detailed engineering and design work is required to enable the various equipment suppliers to submit binding quotations for incorporation into the final contract price. Up to 50 M+W Group engineers, situated in both Germany and Singapore, are engaged in plant engineering and design, such is the level of resource required to deliver the fixed price contract. Detailed engineering has been ongoing since mid-2016 with the work anticipated to be completed during the second quarter of 2017, which will enable the Company to submit its application for German government-backed export credit finance and the total debt package.

Altech Chemicals Limited Appoints M+W Group GmbH as Engineering, Procurement and Construction Contractor

Altech Chemicals Limited has formally appointed M+W Group GmbH as its Engineering, Procurement and Construction contractor for its high purity alumina project. The appointment of M+W Group as EPC contractor by Altech marks the formal commencement of the final detailed engineering design phase of the Company's HPA project, in preparation for the commencement of construction. M+W Group has advised Altech that it has selected a specialist chemicals processing team to be assigned to the project.

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