Providing Engineering Services to Expand Production Capacity at US Plant
PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that it was
awarded a contract to provide engineering services for the expansion of
Mitsubishi’s polyester film plant in Greenville County, South Carolina.
Mitsubishi Polyester Film is the American subsidiary of Japan-based
Mitsubishi Plastics, Inc. and the largest polyester film plant in the
U.S.
Under the terms of the agreement, Jacobs is providing engineering
services for the $100 million investment, which includes installation of
a polyester film production line that is expected to combine high level
technology with production efficiency. Mitsubishi plans to use the line
to support its business growth in both U.S. and overseas markets.
In making the announcement, Jacobs’ Senior Vice President Specialty
Chemicals, Andrew Berryman stated, “We are excited Mitsubishi chose
Jacobs to invest in its existing facility. Our team is committed to
delivering a safe, innovative project to support Mitsubishi’s customers
and markets around the world.”
The project is expected to be complete by late 2017.
Mitsubishi Polyester Film, Inc. is an affiliate of Mitsubishi Plastics,
Inc. and offers a wide array of polyester films for the Industrial,
Packaging, Imaging and Electrical markets. Mitsubishi Plastics, Inc. has
additional polyester film assets in Japan, China, Indonesia and Germany.
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.