Jacobs Wins Contract in China - Analyst Blog
March 13 2013 - 9:10AM
Zacks
Jacobs Engineering Group
Inc. (JEC), a construction services provider, recently
received a contract from China-based company, Jiangsu Sailboat
Petrochemical Co. Ltd. for designing a sulfuric acid plant for an
undisclosed amount. The plant is based in Lianyungang, Jiangsu.
Jacobs will supply complete
designing as well as technical advisory services for the
construction and commissioning of the plant. Per the terms of the
contract, the plant will be the first regeneration facility in
China to use Jacobs’ proprietary SAR (Sulfuric Acid Regeneration)
and SAC (Sulfuric Acid Concentration) technologies, resulting in
lower energy requirements for the plant.
This contract, however, is not the
first one relating to the sulfuric acid plants. Prior to this, in
late October last year, Jacobs inked an agreement with India-based
Paradeep Phosphates Limited, for the use of project management
consultancy (PMC) services in the sulfuric acid plant based in the
country. With an undisclosed value, the project was supposed to
last for 24 months.
Jacobs has been apt at achieving a
good number of projects, while showing equal efficiency in
implementing them. This week Jacobs was awarded the 2012 Best Civil
Works/Infrastructure Award from Engineering News-Record (ENR). The
award relates to its operations at the Yellow River Water
Reclamation Facility, which was worth $245.0 million, and was
completed 12 months prior to the expected duration. Jacobs provided
engineering and construction services for the same.
Jacobs currently holds a Zacks Rank
#2 (Buy). Other stocks worth a look in the services industry are
AECOM Technology Corporation (ACM), Tyco
International (TYC) and Mistras Group
Inc. (MG); each of these also hold a Zacks Rank #2
(Buy).
AECOM TECH CORP (ACM): Free Stock Analysis Report
JACOBS ENGIN GR (JEC): Free Stock Analysis Report
MISTRAS GROUP (MG): Free Stock Analysis Report
TYCO INTL LTD (TYC): Free Stock Analysis Report
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