PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it was awarded an
engineering, procurement and construction management (EPCM) contract
from Celanese
Corporation for the construction of a vinyl acetate ethylene (VAE)
emulsions production plant at Jurong Island, Singapore.
Under the terms of the contract, Jacobs is responsible for the detailed
engineering and design of the project; plus procurement of major
equipment and management of construction services.
Company officials did not disclose the contract value.
With a VAE plant in Singapore, Celanese will broaden its network to
better serve customers throughout the Asia-Pacific region, primarily in
the higher-end applications of architectural coatings, building and
construction, carpets, and paper industries.
Construction is expected to begin by mid-2015, and the unit is expected
to begin production by second half of 2016.
Upon making the announcement, Jacobs Group Vice President Kevin McMahon
said, “We have an existing relationship with Celanese Corporation in the
U.S., and we are delighted to expand this relationship into the Asia
region. We look forward to leveraging our globally recognized EPCM
experience to oversee this strategically important plant construction.”
Jacobs
is one of the world’s largest and most diverse providers of technical
professional and construction services.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2014 Form 10-K, and in
particular the discussions contained under Items 1 - Business, 1A - Risk
Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and
Analysis of Financial Condition and Results of Operations. We do not
undertake to update any forward-looking statements made herein.
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Source: Jacobs Engineering Group Inc.