JBT Corporation Announces Award of Poultry Processing Contracts
CHICAGO, July 8 /PRNewswire-FirstCall/ -- JBT Corporation (NYSE: JBT) announced today that its JBT FoodTech business has signed contracts valued at $5.5 million with a major North American-based poultry processing company to supply portioning solutions. The customer is a global leader in providing food products both at the consumer level and to many of the world's leading food companies and quick service restaurants.
JBT FoodTech will supply DSI portioning systems and technical support to contribute to the customer's objectives, which include increasing the sellable value of their poultry products. The added portioning capacity will improve operating efficiencies and further automate the customer's processing capabilities.
"Our portioning solutions group continues to innovate both in terms of our equipment and its applications," said Torbjorn Arvidsson, Vice President and Division Manager for JBT FoodTech's Food Solutions and Services Division. "This project is an excellent example of how JBT FoodTech invests in technology designed to improve the profitability of our global food industry customers."
The order was received in June and the equipment will be delivered in the second half of 2010.
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,300 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com or www.jbtfoodtech.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
SOURCE JBT Corporation
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