Jacobs Receives Potash Corporation Contract.PASADENA, Calif. -- Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc. (NYSE NYSE See: New York Stock Exchange :JEC) announced today that a subsidiary company received a contract from a subsidiary of Potash Corporation of Saskatchewan The Potash Corporation of Saskatchewan, today generally referred to as PotashCorp, is a Canadian corporation based in Saskatoon, Saskatchewan that is the world's largest producer of potash. The company was created by the government of Saskatchewan in 1975. , Inc. for the expansion of its purified acid plant in Aurora, N.C. This project represents the fourth manufacturing train built by Jacobs at this site and will produce 90,000 tons per year of purified phosphoric acid phosphoric acid, any one of three chemical compounds made up of phosphorus, oxygen, and hydrogen (see acids and bases). The most common, orthophosphoric acid, H3PO4, is usually simply called phosphoric acid. . Officials did not disclose the contract value. The contract scope includes basic and detailed engineering, procurement, modular fabrication, and construction. In making the announcement, Jacobs Group Vice President Pete Evans stated, "We are pleased to collaborate once again with Potash Corporation on this important fast-track project, which represents a strategic market initiative in their existing industrial and specialty phosphates business." Jacobs, with over 35,000 employees and revenues approaching $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 Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations contained in the Company's 2004 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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