PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a contract to support ASHTA Chemicals Inc. in making significant upgrades to its chlorine and potassium-based chemicals plant located in Ashtabula, Ohio.
Company officials did not disclose the contract value, but noted that ASHTA is making the $60 million investment to improve operational efficiency and reduce the plant’s energy consumption and environmental impact.
Under the terms of the contract, Jacobs is providing engineering, procurement and construction management services for the project, which is expected to take between 24 and 30 months to complete.
In making the announcement, Jacobs Group Vice President Chris Nagel stated, “We are very pleased to leverage our global EPCM capability and more than 65 years of experience working with clients in the chemicals industry to support ASHTA at its Ashtabula plant. We are delighted to have the opportunity to contribute to this project, which serves to retain and add jobs in Ohio while improving the energy efficiency and productivity of ASHTA’s facility.”
The investment program includes replacing the plant’s current mercury cell processing technology with membrane cell technology, an environmentally sustainable alternative that is expected to reduce power consumption by approximately 20 percent, increase component lifetimes, and improve production efficiency and worker safety.
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 2013 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.
Michelle Jones, 626-578-6968