Supporting Sustainable Client Investments in Europe
PASADENA, Calif. -- (BUSINESS WIRE) -- Apr. 16, 2013 -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a frame agreement from BASF Antwerp N.V., part of BASF, the world’s leading chemical company, to provide engineering services at BASF’s integrated chemicals complex in Antwerp, Belgium.
Under the terms of the contract, Jacobs is providing process, piping and electrical/ instrumentation engineering services. Officials did not disclose the contract value, but noted that the contract duration is three years.
BASF’s integrated approach to manufacturing, research, infrastructure, processes and management is known as Verbund, a German word meaning linked or integrated to the maximum degree. The Antwerp site is BASF’s second-largest Verbund site; it comprises more than 50 installations located on 6km2 (over two square miles).
In making the announcement, Jacobs Group Vice President Mark Bello stated, “Having provided engineering services at this major production site since 2003, we are delighted to build upon our close working relationship with BASF. We look forward to continuing to support BASF’s Verbund principles at the site.”
BASF is the world’s leading chemical company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas.
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.
Source: Jacobs Engineering Group Inc.
Jacobs Engineering Group Inc.