Jacobs Renews Frame Agreement with Borealis in Sweden
May 14 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it has
renewed its frame agreement with Borealis for work at its
facilities in Stenungsund, Sweden.
Officials did not disclose the contract value, however noted
that under the terms of the five year frame agreement, Jacobs is
providing engineering, procurement, project management and
construction management services on a variety of projects, each of
which is expected to have a total installed cost varying in range
up to $11 million.
Borealis is a leading provider of innovative solutions in the
fields of polyolefins, base chemicals and fertilizers. The only
polyethylene (PE) producer in Sweden, Borealis’ Stenungsund
facilities include a PE plant, a cracker for ethylene and propylene
production, and an innovation center focused on research and
development for infrastructure markets.
Jacobs Group Vice President Mark Bello stated, “We are very
pleased to renew our frame agreement with Borealis. This is the
continuation of a ten-year working relationship between Jacobs and
Borealis in Sweden. We appreciate their confidence in our
performance, and are committed to continue to support Borealis’
investment needs.”
Principally focused on wire, cable and pipe manufacturing
applications, Borealis in Sweden supports customers with specialty
plastics for some of the largest energy supply, oil and water
pipeline projects in the world.
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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