PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it received
a contract to provide detailed engineering and procurement assistance
services to TCI Sanmar Chemical S.A.E. (TCI Sanmar) for its PVC-2
polyvinyl chloride plant expansion project in Port Said, Egypt.
When complete, the PVC-2 facility’s production capacity is expected to
be 200 kilo-tonnes per annum (KTPA). Combined with its other global
facilities, this takes TCI Sanmar’s total PVC production capacity to 400
KTPA, strengthening the company’s position as one of the largest PVC
producers in the Middle East and North Africa.
The project’s schedule includes 18 months of engineering and 21 months
for mechanical completion.
In making the announcement, Jacobs Senior Vice President Vinayak Pai
stated, “We are delighted to continue our relationship with TCI Sanmar.
I’m confident our global experience in the industry combined with our
strong local knowledge can contribute significant value to this
strategically important facility."
Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs 60,000 people and operates in more than 30 countries
around the world. For more information, visit www.jacobs.com.
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.