Jacobs Receives Contract from Corus to Support New Investment at European Steelworks
PASADENA, Calif., April 20 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Corus Staal BV (Corus) to provide basic engineering services to support Corus' new "TRUST" investment in a 525 MWe cogeneration plant in IJmuiden, The Netherlands. Corus, a subsidiary of Tata Steel, one of the world's top ten steel producers, is Europe's second largest steel producer with main operations in the United Kingdom and The Netherlands.
Officials did not disclose the contract or investment values.
Jacob's scope of work is part of the overall "TRUST" Project, which is intended to redirect increased production gases to provide electricity for the onsite steel plant and to the national grid. Jacobs will perform front-end engineering for all media (utilities) connections between the offsite and onsite portions of the new plant area. Work will be executed by Jacobs' staff in Leiden, The Netherlands.
In making the announcement, Jacobs Group Vice President Robert Matha stated, "We are proud to collaborate with Corus and look forward to helping deliver this important new investment. This is also an opportunity for us to support Corus' aggressive goals for maintaining high levels of safety and sustainability in its operations."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2009 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
For additional information contact: |
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Michelle Jones |
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626.578.6968 |
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(Logo: http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO)
SOURCE Jacobs Engineering Group Inc.
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