Jacobs receives contract from Huntsman Corporation to expand chemical plant in Singapore
Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Huntsman Corporation to provide engineering, procurement, construction management and turnaround management services for a capacity expansion of Huntsman's polyether amines manufacturing facility on Jurong Island, Singapore. The work will be executed by Jacobs' office in Singapore.
- (1888PressRelease) October 04, 2010 - Officials did not disclose the contract value.
Jacobs' scope of work for the project includes the design and installation of a third reactor at the manufacturing facility to increase the production capacity of the product. This expansion is expected to help meet the increasing demand for polyether amines, particularly in the Asia-Pacific region.
In making the announcement, Jacobs Group Vice President Christopher E. Nagel stated, "We appreciate Huntsman's confidence in us. This project further advances the long and successful relationship between our two companies. We are committed to help Huntsman efficiently execute the expansion of its world-class manufacturing facility at Jurong Island."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Any statements made in this release that are not based on historical fact are forward-looking statements.Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2009 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
For additional information contact:
Michelle Jones
626.578.6968
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