PASADENA, Calif., Dec. 10, 2010 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today that Jacobs Engineering SA
(JESA), the company's joint venture with OCP S.A (OCP), has been
selected to provide engineering, procurement and construction
management (EPCM) services for OCP's latest Diammonium Phosphate
(DAP) and Monoammonium Phosphate (MAP) production plant, to be
constructed in Jorf Lasfar, Morocco.
Officials did not disclose the terms of the agreement.
Under the agreement, JESA's scope of work includes management,
procurement and administration (in part or in full) of the design
and construction of the first of four new plants. The plant, which
is part of a major OCP investment program to expand its production
capacity of DAP and MAP, is expected to be commissioned in
July 2013. This investment program
involves the construction of four identical new production DAP and
MAP plants to be built and commissioned in six month intervals
between July 2013 and July 2015.
JESA is equally owned by OCP and Jacobs. Jacobs and OCP entered
into the joint venture in 2010. JESA represents a powerful
combination of engineering, project management and construction
management resources, and provides services to industrial projects
both in Morocco and
internationally.
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Although such
statements are based on management's current estimates and
expectations, and currently available competitive, financial, and
economic data, forward-looking statements are inherently uncertain.
We, therefore, caution the reader that there are a variety of
factors that could cause business conditions and results to differ
materially from what is contained in 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 2010 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 also caution the readers of this release that
we do not undertake to update any forward-looking statements made
herein.
(Logo:
http://photos.prnewswire.com/prnh/20090109/JACOBSEGLOGO)
For additional information
contact:
|
|
Michelle Jones
|
|
626.578.6968
|
|
|
SOURCE Jacobs Engineering Group Inc.