Jacobs Receives Contract from RSPL Limited for Soda Ash Plant
Demonstrates Commitment to Growing Client Investments in India
PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has received a contract from RSPL Limited to provide engineering services for a new greenfield soda ash plant in Gujarat, India.
Officials did not disclose the contract value, however noted that the total contract duration is 36 months.
Under the terms of the contract, Jacobs is providing detailed engineering, project management, procurement and construction supervision services for RSPL Limiteds greenfield project. The capacity of the facility is estimated at 500,000 tons of light soda ash per year, approximately half of which can be converted in the production of dense soda ash.
In making the announcement, Jacobs Group Vice President Allyn Taylor stated, We appreciate RSPL Limiteds confidence in us, given our excellent track record in setting up soda ash plants in India. We are committed to delivering a high level of value on this project and are pleased that we are able to continue expanding the capabilities we provide to growing business sectors throughout India."
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 managements 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 2011 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.
Jacobs Engineering Group Inc. (JEC)
Michelle Jones, 626.578.6968
Source: Jacobs Engineering Group Inc.Copyright Business Wire 2012