PASADENA, Calif., June 7, 2011 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today that it has received a
contract from DuPont Titanium Technologies (DuPont) to provide full
engineering procurement and construction management (EPCM) services
for the company's Mexico titanium
dioxide capacity expansion project.
Officials did not disclose the contract value, however noted
that the project work is being led by Jacobs' Houston office with support from its offices
in Mexico and Mumbai.
Under the agreement, Jacobs is providing full EPCM services for
the upgrades to one of DuPont's titanium dioxide sites in
Mexico. The facility will receive
an investment of more than $500
million and is expected to be completed at the end of
2014.
In making the announcement, Jacobs Group Vice President
Mike Autrey stated, "This is a very
significant project for DuPont, and we are pleased to provide our
support at the site."
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 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 do not undertake to update any forward-looking
statements made herein.
For additional information
contact:
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Michelle Jones
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626.578.6968
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(Logo:
http://photos.prnewswire.com/prnh/20090109/JACOBSEGLOGO)
SOURCE Jacobs Engineering Group Inc.