Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a contract by Polimeri Europa UK Limited (Versalis group), to provide engineering, procurement and construction management (EPCM) services to support a major expansion at Polimeri Europa UK’s plant in Grangemouth, Scotland.
Officials did not disclose the contract value, but noted that the project is expected to be executed out of Jacobs’ Glasgow, Scotland office.
Under the terms of the contract, Jacobs is providing EPCM services in collaboration with Polimeri Europa UK to support the installation of a new finishing line and the associated works. The expansion is expected to significantly increase Polimeri Europa UK’s rubber production capacity at Grangemouth.
Jacobs Group Vice President Bob Irvin stated, “We have been working closely with Polimeri Europa UK over the last two years to develop the front end design for their new finishing line. We are delighted to continue to support Polimeri Europa UK, and we anticipate the knowledge we have already acquired on the project to be extremely valuable as we move forward with the next phase.”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 2012 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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