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JACOBS COMPLETES TITANIUM SPONGE PLANT EARLY AND BELOW BUDGET

 PASADENA, Calif., Aug. 11 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) today announced completion of the engineering and construction of a new titanium sponge plant for Titanium Metals Corp.'s (TIMET) existing facility in Henderson, Nev. The project was completed three months ahead of schedule and within a budget of just more than $90 million plus interest.
 Commenting on the project, Kirby Adams, president and chief executive officer of TIMET, said, "This complex, state-of-the-art project has been brought to completion three months early and within budget. In this day and age, this is a real achievement."
 The plant, which has already started commercial production, will achieve full capacity later this year. Rated at 22 million pounds per year, the facility uses state-of-the-art vacuum distillation technology provided by TOHO Titanium Co. Ltd. of Japan.
 Jacobs provided TIMET with a full range of services including engineering, procurement, construction management and precommissioning. Michael von Hirschberg, project manager for Jacobs, stated, "This project represented a major challenge for both TIMET and Jacobs since we were asked to achieve very aggressive schedule deadlines and tight budget objectives. In addition, the project was made more difficult by the complexity of the process, the need for technology transfer from TOHO the long delivery time of special equipment only available from Japan and the requirement to find local manufacturers for unique, one- of-a-kind equipment never before built in the U.S."
 This is the second major project completed by Jacobs for TIMET. In 1983, Jacobs completed the design and construction of a major electrolytic cell facility (valued at more than $40 million) to recycle the magnesium chloride created in the production of titanium sponge.
 TIMET, headquartered in Denver, is a world leader in the production and distribution of titanium sponge, ingot and a broad array of titanium mill products through its manufacturing facilities in Nevada, Ohio and Tennessee; its affiliated companies in Pennsylvania and France; and service centers throughout the United States and England, Germany and France. TIMET supplies titanium worldwide to commercial and military airframe and engine manufacturers, power utilities and the chemical, petroleum, automotive, pulp/paper, medical and sports equipment markets.
 Noel Watson, president of Jacobs, concludes, "We are very proud of the achievement of this project team. They have overcome many obstacles by integrating the design and construction groups of Jacobs with the project and operating personnel of TIMET and TOHO, in a true Total Quality Management fashion."
 Jacobs Engineering Group, headquartered in Pasadena, has more than 44 years of experience in the engineering and construction of industrial plants for the metals and minerals processing industry. The company provides single-source consulting, engineering, design, architectural, environmental, hazardous waste management, procurement, construction, construction management, contract maintenance and operations services to government and industry worldwide. Jacobs has 26 offices located throughout the United States, the United Kingdom and Ireland.
 -0- 8/11/93
 /CONTACT: Phil Stassi of Jacobs Engineering Group, 818-578-6902/
 (JEC)


CO: Jacobs Engineering Group Inc.; Titanium Metals Corp. ST: California IN: CST SU:

LM-LS -- LA002 -- 1494 08/11/93 08:03 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
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