PASADENA, Calif.--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a contract to provide detailed engineering and procurement assistance services to TCI Sanmar Chemical S.A.E. (TCI Sanmar) for its PVC-2 polyvinyl chloride plant expansion project in Port Said, Egypt.
When complete, the PVC-2 facility’s production capacity is expected to be 200 kilo-tonnes per annum (KTPA). Combined with its other global facilities, this takes TCI Sanmar’s total PVC production capacity to 400 KTPA, strengthening the company’s position as one of the largest PVC producers in the Middle East and North Africa.
The project’s schedule includes 18 months of engineering and 21 months for mechanical completion.
In making the announcement, Jacobs Senior Vice President Vinayak Pai stated, “We are delighted to continue our relationship with TCI Sanmar. I’m confident our global experience in the industry combined with our strong local knowledge can contribute significant value to this strategically important facility."
Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs 60,000 people and operates in more than 30 countries around the world. For more information, visit www.jacobs.com.
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.
