PASADENA, Calif., June 5, 2012 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE:JEC) announced today it was awarded a contract
from Evonik Methionine SEA Pte Ltd, a wholly-owned subsidiary of
Evonik Industries AG, to provide engineering, procurement and
construction management (EPCM) services for a new methionine
production complex at Jurong Island, Singapore.
Officials did not disclose the contract value, however noted
that Jacobs is leading the project execution activities from its
office in Singapore supported by
work share from its other offices in the region.
Evonik is investing a total of approximately $636.5 million (euro 500
million) in the new production plant, which is planned to
produce 150,000 metric tons per annum of amino acid DL-methionine,
together with all the strategically important intermediates. The
integrated complex is scheduled for a 2014 start up. This
increased capacity further consolidates Evonik's market leadership
in the core business of methionine, which is in high demand in the
animal feed industry.
Jacobs Group Vice President Tom
Quinn stated, "Jacobs is committed to help Evonik achieve
its goals on this project. The contract award is testimony to our
growing relationship with Evonik globally and particularly in
Asia."
Jacobs also recently secured a contract from Evonik Industries
AG to provide basic engineering services for a grassroots polyamide
12 production facility in Asia.
Evonik is one of the world's largest specialty chemicals
companies. It has production facilities in 28 countries.
DL-methionine is an essential amino acid for healthy and
environmentally-sustainable nutrition of farm animals.
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.
(Logo:
http://photos.prnewswire.com/prnh/20110628/LA26838LOGO)
For additional information contact:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc.