PASADENA, Calif., Sept. 23, 2011 /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 two new Diammonium Phosphate (DAP)
and Monoammonium Phosphate (MAP) production plants, to be
constructed in Jorf Lasfar, Morocco. These new contracts bring the
total plants awarded to JESA to four. Jacobs announced the award of
the first production plant in December
2010, and the second was awarded in March 2011.
Officials did not disclose the contract or construction
values.
Under the agreement, JESA's scope of work includes management,
procurement and administration (in part or in full) of the design
and construction of four new plants. The plants, are part of a
major OCP investment program to expand its production capacity of
DAP and MAP. 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.
In making the announcement, Jacobs President and CEO
Craig Martin stated, "These awards
are testament to the value the joint venture team is driving into
OCP's business. We are pleased to build upon our relationship
with them."
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.
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.
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For additional information contact:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc.