PASADENA, Calif., Feb 05, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from E. I. DuPont India Pvt. Ltd. to provide engineering, procurement, and field support services under an Engineering Services Master Agreement.
Officials did not disclose details of the 3-year alliance contract.
Under the alliance, Jacobs will execute projects from DuPont Knowledge Center in Hyderabad, India. The projects supported by the Center will be sited in Europe, the United States, India, and other global locations.
"The establishment of the DuPont Knowledge Center in India is consistent with our company's strategy of going where the growth is," said DuPont India President & CEO Balvinder Kalsi. "Our intent is to leverage Indian science and engineering talent for the benefit of DuPont customers and shareholders."
With more than 2,000 multidisciplinary personnel in five offices in India, Jacobs is one of India's largest E&C companies serving the process, petrochemical, and pharmabio industries.
In making the announcement, Jacobs Group Vice President Chris Nagel stated, "We are very excited to form this new alliance with DuPont. It marks the beginning of a rewarding relationship. Jacobs has substantial capabilities in India to provide the highest levels of service and value that will help DuPont maintain its market-leader position."
Jacobs, with about 54,000 employees and $9 billion in revenues, provides technical, professional, and construction services globally.
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 2007 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:
Mary Bloom
626.578.6992
SOURCE Jacobs Engineering Group Inc.
http://www.jacobs.com