FWLT (MM)

Jacobs Engineering Group Inc. (JEC) has agreed to provide engineering procurement and construction management (EPCM) services to DuPont Titanium Technologies, a part of El DuPont de Nemours & Company  (DD). The value of the contract was not disclosed.

DuPont is a manufacturer of titanium dioxide for the coatings, paper, plastics and specialties markets.

Per the agreement, the company will support the expansion of DuPont’s titanium dioxide sites in Mexico by rendering EPCM services. The total outlay for the project is estimated at $500 million. The project is expected to be completed by the end of 2014.

Earlier, the company had received a local construction management services contract from Goteborg Energi AB. The contract value was estimated at $19 million.

Jacobs will lend support to Goteborg Energi’s GoBiGas-project, which is a 20 megawatt biomass gasification and methanation project in Goteborg, with its EPCM services from its offices in Leiden, The Netherlands. The plant is expected to come online in 2013.

Jacobs also entered into a five-year master services agreement (MSA) with Infineum for operations in Europe, Asia and North America. The value of the contract was not disclosed.

Infineum is a world class formulator, manufacturer and marketer of petroleum additives.

Under the contract, Infineum’s manufacturing facilities in the U.S., France, Germany, U.K., Italy and Singapore are receiving Jacob’s engineering services. These services will assist Infineum's project development at its manufacturing locations.

California-based Jacobs is one of the leading providers of professional, technical, and construction services to industrial, commercial, and governmental clients. The company directly competes with Fluor Corporation (FLR) and Foster Wheeler AG (FWLT).

The company offers services in four areas: Construction Services, Project Services, Operations and Management, and Process, Scientific and Systems consulting. These services are provided through offices and subsidiaries located principally in North America, Europe, Asia, and Australia.

 
DU PONT (EI) DE (DD): Free Stock Analysis Report
 
FLUOR CORP-NEW (FLR): Free Stock Analysis Report
 
FOSTER WHELR AG (FWLT): Free Stock Analysis Report
 
JACOBS ENGIN GR (JEC): Free Stock Analysis Report
 
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