Jacobs Receives EPCM Contract for Paints Plant in India
01 December 2015 - 11:45PM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
received a contract from Asian Paints Limited (APL) to provide
engineering services for a greenfield paint plant in India.
Under the terms of the contract, Jacobs is providing detailed
engineering and construction supervision services for the plant.
The contract duration is 37 months.
When complete, the new paint plant is expected to produce
300,000 kiloliters per annum of decorative paints. The plant is a
key component of APL’s expansion program in India.
In making the announcement, Jacobs Petroleum and Chemicals
President Gary Mandel stated, “We are delighted to expand our
relationship with APL as it continues to invest in this region. I’m
confident our global experience in the Chemical industry combined
with our strong local knowledge can contribute significant value to
this strategically important facility."
APL is India’s largest and Asia’s third largest paints company,
with 26 manufacturing plants in operation in India and around the
world.
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 2014 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/20151201005083/en/
Jacobs Engineering Group Inc.Robin Shermer, 817-735-6284
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