Jacobs Wins Detailed Engineering and Procurement Services Contract for TCI Sanmar PVC-2 Expansion Project in Egypt
June 21 2016 - 7:45AM
Business Wire
Jacobs Engineering Group Inc.
(NYSE:JEC) announced today it received a contract to provide
detailed engineering and procurement assistance services to TCI
Sanmar Chemical S.A.E. (TCI Sanmar) for its PVC-2 polyvinyl
chloride plant expansion project in Port Said, Egypt.
When complete, the PVC-2 facility’s production capacity is
expected to be 200 kilo-tonnes per annum (KTPA). Combined with its
other global facilities, this takes TCI Sanmar’s total PVC
production capacity to 400 KTPA, strengthening the company’s
position as one of the largest PVC producers in the Middle East and
North Africa.
The project’s schedule includes 18 months of engineering and 21
months for mechanical completion.
In making the announcement, Jacobs Senior Vice President Vinayak
Pai stated, “We are delighted to continue our relationship with TCI
Sanmar. I’m confident our global experience in the industry
combined with our strong local knowledge can contribute significant
value to this strategically important facility."
Jacobs is one of the world’s largest and most diverse providers
of full-spectrum technical, professional and construction services
for industrial, commercial and government organizations globally.
The company employs 60,000 people and operates in more than 30
countries around the world. For more information, visit
www.jacobs.com.
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/20160621005137/en/
Jacobs Engineering Group Inc.Robin Shermer, 817-735-6284
Jacobs Engineering (NYSE:JEC)
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