Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

July 06, 2005 07:45 ET

Jacobs Receives Phosphoric Acid Plant Contract

LAKELAND, Fla.--(CCNMatthews - Jul 6, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that they have received a contract from La Societe Pakistan Maroc Phosphore, S.A. of Morocco, a joint venture between Groupe Office Cherifien des Phosphates (OCP) and Fauji Group, Pakistan, for the licensing and basic and detail design of a new phosphoric acid plant in Jorf Lasfar, Morocco.

Officials did not disclose the contract value.

This project is part of a larger complex in Jorf Lasfar and is the second project for Jacobs at this site. Production from the plant will be approximately 375,000 tons per year.

In making the announcement, Jacobs Group Vice President Pete Evans stated, "We are pleased to have this opportunity to work with both Groupe OCP and Fauji Group on this important project, which represents a significant strategic initiative for all the companies."

Jacobs, with over 35,000 employees and revenues exceeding $5.0 billion, provides technical, professional, and construction services globally.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Item 7 -- Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's 2004 Annual Report on Form 10-K.

Contact Information

  • Jacobs Engineering Group Inc.
    Rod Sharp, 626-578-6992