PASADENA, Calif.--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) announced today it provided services for The Lubrizol Corporation’s recently commissioned Chlorinated Polyvinyl Chloride (CPVC) compounding plant in Dahej, India. The plant, which has capacity to produce 55,000 metric tons of compound annually, supports the growth of Lubrizol’s emerging FlowGuard®, BlazeMaster® and Corzan® businesses in South Asia, the Middle East and East Africa. The plant is the first major investment in India for U.S.-based Lubrizol, a wholly-owned subsidiary of Berkshire Hathaway.
Jacobs was associated with the plant’s construction from the conceptual design phase through the basic engineering and total installed cost (TIC) estimate. It subsequently provided detailed engineering, procurement and construction management (EPCM) services for the entire project.
The plant’s chlorinated polyvinyl chloride unit was mechanically completed within the targeted project schedule of 20 months and within five percent of the TIC estimate, along with cost savings of 34 percent of engineering fees, thus meeting overall project objectives of Lubrizol.
Commenting on the successful commissioning, Jacobs Senior Vice President & General Manager - Asia & India, Vinayak Pai stated, “We are proud to have contributed to this significant milestone for Lubrizol in India through our delivery of effective EPCM services along with significant value savings on this project. This success builds on our strong long term relationship with Lubrizol worldwide.”
Lubrizol Project Manager (U.S.) Jim Walt stated, “It was a great pleasure to work with Jacobs on this important project, and we look forward to our continued association with the company on future projects.”
The project was led by Jacobs’ Petroleum and Chemicals line of business.
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 2015 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.
