PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that it received a
contract from Nippon Shokubai Europe N.V. for detailed engineering,
procurement and construction management services for the expansion of
the Superabsorbent Polymer Plant and a new acrylic acid plant at
the Nippon Shokubai Europe site in Zwijndrecht (Antwerp), Belgium.
The total investment cost (TIC) of the installation is approximately
$390 million (350 million Euros). The project is scheduled to be
mechanically complete in October 2017.
In making the announcement, Jacobs Group Vice President Mark Bello
stated, “Jacobs has been working closely together with Nippon Shokubai
during the definition phase, and are committed to continue our
successful cooperation during the full duration of this important and
challenging project and beyond."
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.