Jacobs Wins Contract with Mitsubishi
May 10 2016 - 7:45AM
Business Wire
Providing Engineering Services to Expand
Production Capacity at US Plant
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
was awarded a contract to provide engineering services for the
expansion of Mitsubishi’s polyester film plant in Greenville
County, South Carolina. Mitsubishi Polyester Film is the American
subsidiary of Japan-based Mitsubishi Plastics, Inc. and the largest
polyester film plant in the U.S.
Under the terms of the agreement, Jacobs is providing
engineering services for the $100 million investment, which
includes installation of a polyester film production line that is
expected to combine high level technology with production
efficiency. Mitsubishi plans to use the line to support its
business growth in both U.S. and overseas markets.
In making the announcement, Jacobs’ Senior Vice President
Specialty Chemicals, Andrew Berryman stated, “We are excited
Mitsubishi chose Jacobs to invest in its existing facility. Our
team is committed to delivering a safe, innovative project to
support Mitsubishi’s customers and markets around the world.”
The project is expected to be complete by late 2017.
Mitsubishi Polyester Film, Inc. is an affiliate of Mitsubishi
Plastics, Inc. and offers a wide array of polyester films for the
Industrial, Packaging, Imaging and Electrical markets. Mitsubishi
Plastics, Inc. has additional polyester film assets in Japan,
China, Indonesia and Germany.
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/20160510005086/en/
Jacobs Engineering Group Inc.Robin Shermer, 817-735-6284
Jacobs Engineering (NYSE:JEC)
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