Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a contract from Honeywell to provide Integrated Project Management Team (IPMT) services for a new production project in Zhangjiagang City, Jiangsu Province, the People’s Republic of China.
The contract value was not disclosed.
Under the terms of the contract, Jacobs is providing IPMT services, including basic and detailed design, permitting, project controls, quality, HSE management, procurement, and construction management services, with the option to provide commissioning and start-up support as required. The plant is scheduled to start up in the fourth quarter of 2014.
Jacobs Group Vice President Tom Quinn stated, “Jacobs is very pleased to continue our support of Honeywell in China with this significant greenfield project in Jiangsu. We look forward to helping them meet their project goals by drawing upon our local technical and project management capabilities, fortified by our 35 years of experience in the chemicals industry in China.”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.