PASADENA, Calif.--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract from Nippon Shokubai Europe N.V. for detailed engineering, procurement and construction management services for the expansion of the Superabsorbent Polymer Plant and a new acrylic acid plant at the Nippon Shokubai Europe site in Zwijndrecht (Antwerp), Belgium.
The total investment cost (TIC) of the installation is approximately $390 million (350 million Euros). The project is scheduled to be mechanically complete in October 2017.
In making the announcement, Jacobs Group Vice President Mark Bello stated, “Jacobs has been working closely together with Nippon Shokubai during the definition phase, and are committed to continue our successful cooperation during the full duration of this important and challenging project and beyond."
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.
