New Contracts for Jacobs - Analyst Blog
June 08 2011 - 11:43AM
Zacks
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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