PASADENA, Calif., June 5, 2012 /PRNewswire/ -- Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it was awarded a
contract from Flexsys Malaysia Sdn Bhd, a subsidiary of Solutia
Inc., to provide engineering, procurement and construction
management (EPCM) services to support the Kuantan Resin plant in
Kuantan, Malaysia.
Officials did not disclose the contract value, however noted the
project is scheduled to be completed in 2013. Jacobs is leading the
project execution activities from its office in Singapore with work share support from its
other offices in the region.
Solutia Inc. is constructing this Butvar® polyvinyl butyral
(PVB) resin plant. Butvar resins are used to improve the adhesion,
strength, durability and flexibility of products around the
globe.
Jacobs Group Vice President Tom
Quinn stated, "We are extremely pleased to receive the
contract for the Solutia resin plant in Malaysia. Jacobs is well aligned to Solutia's
business goals, having supported Solutia early on in the project
with front-end engineering services. We are proud to grow our
relationship."
Solutia is a market-leading performance materials and specialty
chemicals company.
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.
Butvar and all other trademarks listed below are trademarks of
Solutia Inc. and/or its affiliates.
Solutia Corporate Profile
Solutia is a market-leading performance materials and
specialty chemicals company. The company focuses on providing
solutions for a better life through a range of products, including:
Saflex® polyvinyl butyral interlayers for glass lamination and
for photovoltaic module encapsulation and VISTASOLAR® ethylene
vinyl acetate films for photovoltaic module encapsulation;
LLumar®, Vista™, EnerLogic®, FormulaOne®, Gila®, V-KOOL®, Huper
Optik®, IQue™, Sun-X™ and Nanolux™ aftermarket performance films
for automotive and architectural applications; XIR® and Heat
Mirror® performance films that are incorporated into aftermarket
window films, laminated glass products and suspended insulated
glass units for use in automotive and architectural applications.
Flexvue™ advanced film component solutions for solar and
electronic technologies; and technical specialties products
including Crystex® insoluble sulfur, Santoflex® PPD
antidegradants, Therminol® heat transfer fluids and Skydrol®
aviation hydraulic fluids. Solutia's businesses are world leaders
in each of their market segments. With its headquarters in
St. Louis, Missouri, USA, the
company operates globally with approximately 3,400 employees in
more than 50 worldwide locations. More information is available at
www.Solutia.com.
(Logo:
http://photos.prnewswire.com/prnh/20110628/LA26838LOGO)
For
additional information contact:
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Michelle
Jones
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626.578.6968
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SOURCE Jacobs Engineering Group Inc.