Jacobs Contributes to Successful Commissioning of Lubrizol’s TempRite® Engineered Polymers India Compounding Plant
March 29 2016 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it
provided services for The Lubrizol Corporation’s recently
commissioned Chlorinated Polyvinyl Chloride (CPVC) compounding
plant in Dahej, India. The plant, which has capacity to produce
55,000 metric tons of compound annually, supports the growth of
Lubrizol’s emerging FlowGuard®, BlazeMaster® and Corzan® businesses
in South Asia, the Middle East and East Africa. The plant is the
first major investment in India for U.S.-based Lubrizol, a
wholly-owned subsidiary of Berkshire Hathaway.
Jacobs was associated with the plant’s construction from the
conceptual design phase through the basic engineering and total
installed cost (TIC) estimate. It subsequently provided detailed
engineering, procurement and construction management (EPCM)
services for the entire project.
The plant’s chlorinated polyvinyl chloride unit was mechanically
completed within the targeted project schedule of 20 months and
within five percent of the TIC estimate, along with cost savings of
34 percent of engineering fees, thus meeting overall project
objectives of Lubrizol.
Commenting on the successful commissioning, Jacobs Senior Vice
President & General Manager - Asia & India, Vinayak Pai
stated, “We are proud to have contributed to this significant
milestone for Lubrizol in India through our delivery of effective
EPCM services along with significant value savings on this project.
This success builds on our strong long term relationship with
Lubrizol worldwide.”
Lubrizol Project Manager (U.S.) Jim Walt stated, “It was a great
pleasure to work with Jacobs on this important project, and we look
forward to our continued association with the company on future
projects.”
The project was led by Jacobs’ Petroleum and Chemicals line of
business.
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 2015 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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version on businesswire.com: http://www.businesswire.com/news/home/20160329005501/en/
Jacobs Engineering Group Inc.Robin Shermer, 817-735-6284
Jacobs Engineering (NYSE:JEC)
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