Jacobs Receives Contract from BASF for Antwerp Site
April 16 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
received a frame agreement from BASF Antwerp N.V., part of BASF,
the world’s leading chemical company, to provide engineering
services at BASF’s integrated chemicals complex in Antwerp,
Belgium.
Under the terms of the contract, Jacobs is providing process,
piping and electrical/ instrumentation engineering services.
Officials did not disclose the contract value, but noted that the
contract duration is three years.
BASF’s integrated approach to manufacturing, research,
infrastructure, processes and management is known as Verbund, a
German word meaning linked or integrated to the maximum degree. The
Antwerp site is BASF’s second-largest Verbund site; it comprises
more than 50 installations located on 6km2 (over two square
miles).
In making the announcement, Jacobs Group Vice President Mark
Bello stated, “Having provided engineering services at this major
production site since 2003, we are delighted to build upon our
close working relationship with BASF. We look forward to continuing
to support BASF’s Verbund principles at the site.”
BASF is the world’s leading chemical company. Its portfolio
ranges from chemicals, plastics, performance products and crop
protection products to oil and gas.
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 2012 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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