PASADENA, Calif., Nov. 1, 2011 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today that it has been awarded a
contract from OXEA GmbH to provide detailed engineering,
procurement support and support services during construction for a
new ester production plant at OXEA's existing manufacturing
facility in Oberhausen, Germany.
Officials did not disclose the contract value but did note that
the fast-track project is expected to come on stream in 2012.
Jacobs is executing the project from its offices in Cologne, Germany and Mumbai, India.
The "Esterplant 2 Project" in Oberhausen is part of OXEA's
strategy to expand global ester production capacity by 40 percent
to meet the growing global demand for OXEA's esters. These
specialty chemical products are replacing the traditional phthalate
plasticizers that are used in automotive, construction, food and
medical applications. OXEA is a global manufacturer of oxo
intermediates and oxo derivatives, which include esters, alcohols,
polyols, carboxylic acids and amines.
In making the announcement, Jacobs Group Vice President
Robert Matha stated, "Jacobs is very
pleased to have been selected for this project. Our global presence
is compatible with OXEA's expansion plans, and we look forward to
supporting them in achieving the challenging goals for this project
and others in the future."
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:
Michelle Jones
626.578.6968
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SOURCE Jacobs Engineering Group Inc.