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(AFX UK Focus) 2009-10-21 18:05
BRIEF-Technip says client pressure to trim costs unchanged
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PARIS, Oct 21 (Reuters) - Technip Chief Executive Thierry Pilenko tells reporters on the sidelines of a gas and electricity conference on Wednesday:

  • PRESSURE FROM CLIENTS TO REDUCE COSTS REMAINS UNCHANGED FROM START
    of the year

  • CLIENTS ARE A LITTLE MORE CONFIDENT THANKS TO FIRMER OIL PRICE BUT
    investment caution remains

  • CONSTRUCTION COSTS HAVE FALLEN BY 15-20 PERCENT BETWEEN Q2 2008 AND

    Q2 2009

  • COSTS REMAIN STABLE THIS YEAR, NOT WORRIED ABOUT NEW SHARP RISE LIKE
    in 2007

  • NOT WORRIED ABOUT COST INFLATION

  • ORDERS FOR PROJECTS WILL REBOUND IN H2 2010

    ((paris.equities@news.reuters.com, +33 1 4949 5452)) (For more news, please click here)

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