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Press Release

Technip signs the French SME pact

April 23, 2008

Paris, April 23, 2008


Technip has joined the SME Pact (“Pacte PME”). In joining the 44 major Groups that have signed the SME Pact, Technip has affirmed its determination to contribute to the growth of innovative small-to-medium size enterprises (SMEs). Membership in the Pact will give Technip access to the state-of-the-art expertise of a network of close to 2,000 SMEs for Research and Development programs and project execution.

In the highly competitive Oil Services sector, where technologies are key competitive advantages, research and development is a vital part of strategy. The highly technological and inter-disciplinary nature of such R&D programs necessitates the sharing of the competencies and means of many economic actors, and in particular, small-to-medium size companies which are an essential part of the French industrial fabric.

This initiative, created in September 2005 by the OSEO (French public agency whose mission is to provide financing and assistance to SMEs) and the Comité Richelieu, aims to facilitate relations between SMEs and large corporations.

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