Jacobs Receives Contract from Solutia for New Chemical Plant in Malaysia
PASADENA, Calif., June 5, 2012 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today it was awarded a contract from Flexsys Malaysia Sdn Bhd, a subsidiary of Solutia Inc., to provide engineering, procurement and construction management (EPCM) services to support the Kuantan Resin plant in Kuantan, Malaysia.
Officials did not disclose the contract value, however noted the project is scheduled to be completed in 2013. Jacobs is leading the project execution activities from its office in Singapore with work share support from its other offices in the region.
Solutia Inc. is constructing this Butvar® polyvinyl butyral (PVB) resin plant. Butvar resins are used to improve the adhesion, strength, durability and flexibility of products around the globe.
Jacobs Group Vice President Tom Quinn stated, "We are extremely pleased to receive the contract for the Solutia resin plant in Malaysia. Jacobs is well aligned to Solutia's business goals, having supported Solutia early on in the project with front-end engineering services. We are proud to grow our relationship."
Solutia is a market-leading performance materials and specialty chemicals company.
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 2011 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.
Butvar and all other trademarks listed below are trademarks of Solutia Inc. and/or its affiliates.
Solutia Corporate Profile
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and VISTASOLAR® ethylene vinyl acetate films for photovoltaic module encapsulation; LLumar®, Vista™, EnerLogic®, FormulaOne®, Gila®, V-KOOL®, Huper Optik®, IQue™, Sun-X™ and Nanolux™ aftermarket performance films for automotive and architectural applications; XIR® and Heat Mirror® performance films that are incorporated into aftermarket window films, laminated glass products and suspended insulated glass units for use in automotive and architectural applications. Flexvue™ advanced film component solutions for solar and electronic technologies; and technical specialties products including Crystex® insoluble sulfur, Santoflex® PPD antidegradants, Therminol® heat transfer fluids and Skydrol® aviation hydraulic fluids. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,400 employees in more than 50 worldwide locations. More information is available at www.Solutia.com.
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