PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it provided
services for The Lubrizol Corporation’s recently commissioned
Chlorinated Polyvinyl Chloride (CPVC) compounding plant in Dahej, India.
The plant, which has capacity to produce 55,000 metric tons of compound
annually, supports the growth of Lubrizol’s emerging FlowGuard®,
BlazeMaster® and Corzan® businesses in South Asia, the Middle East and
East Africa. The plant is the first major investment in India for
U.S.-based Lubrizol, a wholly-owned subsidiary of Berkshire Hathaway.
Jacobs was associated with the plant’s construction from the conceptual
design phase through the basic engineering and total installed cost
(TIC) estimate. It subsequently provided detailed engineering,
procurement and construction management (EPCM) services for the entire
project.
The plant’s chlorinated polyvinyl chloride unit was mechanically
completed within the targeted project schedule of 20 months and within
five percent of the TIC estimate, along with cost savings of 34 percent
of engineering fees, thus meeting overall project objectives of Lubrizol.
Commenting on the successful commissioning, Jacobs Senior Vice President
& General Manager - Asia & India, Vinayak Pai stated, “We are proud to
have contributed to this significant milestone for Lubrizol in India
through our delivery of effective EPCM services along with significant
value savings on this project. This success builds on our strong long
term relationship with Lubrizol worldwide.”
Lubrizol Project Manager (U.S.) Jim Walt stated, “It was a great
pleasure to work with Jacobs on this important project, and we look
forward to our continued association with the company on future
projects.”
The project was led by Jacobs’ Petroleum and Chemicals line of business.
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 2015 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.