PASADENA, Calif., March 27, 2012 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today it was awarded a contract to
provide Project Management Consulting (PMC) services for a new pipe
rolling mill near Corpus Christi,
Texas for Tianjin Pipe (Group) Corporation (TPCO), a global
leader in the manufacture of seamless pipe.
Officials did not disclose the contract value; however estimated
the total program value at around $1
billion.
Jacobs's Houston and
Shanghai operations are
responsible for the Project Management Consulting
services. Jacobs is expected to assist TPCO with the
coordination and management of engineering, procurement, and
construction for the mill thereby enhancing TPCO's own internal
capabilities and resources as well as those of its Chinese
associate engineering company, Capital Engineering & Research
Incorporation Limited (CERI). Engineering, procurement and
construction of the new facility is expected to be a multinational
endeavor, including professional services, materials and/or labor
from, the United States,
Europe and China.
The new manufacturing facility, located in Gregory, Texas near the Port of Corpus Christi, is scheduled to be delivered
with phased completions between December
2012 and end of 2014. This project is TPCO's first major
mill in the United States.
In making the announcement, Jacobs Group Vice President
Tom McDuffie stated, "We are very
proud that TPCO has chosen Jacobs to provide project management
consulting services for its first project in the U.S. This is a
major investment in Texas and
reflects the confidence in our reputation for successfully
delivering large facilities anywhere in the world."
Headquartered in Tianjin,
China, TPCO has major manufacturing facilities in
China and Indonesia and according to TPCO, has captured
over 40 percent of China's OCTG
domestic market and exports to over 100 countries in Europe, Americas, Asia, Africa
and Oceania.
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 2011 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.