Jacobs Receives Contract from Porton for Multi-purpose GMP Manufacturing Facility in China

       By: Jacobs Engineering Group Inc.
Posted: 2010-11-02 06:13:54
Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Porton Fine Chemicals Ltd (Porton), a leading China-based custom manufacturing organization. Jacobs, who earlier performed basic engineering services for this project, is expected to provide detailed engineering services for a new multi-purpose GMP manufacturing facility at Chongqing Changshou Chemical Industrial Park, located in Changshou District, Chongqing, China.

Officials did not disclose the contract value; however indicated the project detailed design will be performed from Jacobs' Singapore and Shanghai offices.

In making the announcement, Jacobs Group Vice President Christopher E. Nagel stated, "This is Jacobs' first major entry into China's pharmaceutical sector. We are delighted that Porton has entrusted us with this facility, and we are fully committed to delivering a plant that proficiently meets their needs."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

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 2009 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.

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Michelle Jones
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