Jacobs Receives Additional Contract from Borealis in Belgium

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a five year frame agreement for work at three Borealis facilities in Belgium.

Company officials did not disclose the contract value, but noted that the three facilities covered under the contract are Borealis Polymers N.V., Borealis Kallo N.V. and Borealis Antwerpen Compounding N.V.

Under the terms of the contract, Jacobs’ scope of work includes study, engineering, procurement, construction management, and personnel support services on a variety of projects at the three facilities. Each project is expected to have a total installed cost varying in range up to $13 million (€10 million).

In making the announcement, Jacobs Group Vice President Mark Bello stated, “This agreement is a continuation of a ten-year working relationship with Borealis in Europe. We look forward to bringing our recognized chemicals and polymers experience to support Borealis in Belgium.”

Jacobs’ current work with Borealis also includes a five-year frame agreement for engineering and project services at its Stenungsund facility in Sweden.

Borealis, headquartered in Vienna, Austria, is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers and is celebrating its 20th anniversary in 2014. With 50 years of experience in polyolefins, Borealis supports key industries including infrastructure, automotive and advanced packaging and offers a wide range of base chemicals. Borealis also creates value for the agricultural industry with a large portfolio of fertilizers.

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