PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that it received a
contract from Asian Paints Limited (APL) to provide engineering services
for a greenfield paint plant in India.
Under the terms of the contract, Jacobs is providing detailed
engineering and construction supervision services for the plant. The
contract duration is 37 months.
When complete, the new paint plant is expected to produce 300,000
kiloliters per annum of decorative paints. The plant is a key component
of APL’s expansion program in India.
In making the announcement, Jacobs Petroleum and Chemicals President
Gary Mandel stated, “We are delighted to expand our relationship with
APL as it continues to invest in this region. I’m confident our global
experience in the Chemical industry combined with our strong local
knowledge can contribute significant value to this strategically
important facility."
APL is India’s largest and Asia’s third largest paints company, with 26
manufacturing plants in operation in India and around the world.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151201005083/en/
Source: Jacobs Engineering Group Inc.