Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it is executing four contracts from Arkema France for basic engineering services to support the provision of Arkema's proprietary suspension and emulsion technology to four of its clients in China.
Officials did not disclose the contract value.
Arkema's technology is being used in four new polyvinyl chloride (PVC) production plants in Hefei, Golmud, Etuoke Banner and Wu Lan Cha Bu, People's Republic of China. Jacobs' PVC technology experts in its office in Leiden, The Netherlands, and Arkema's PVC technology team based in Lyon, France are currently performing the basic engineering work.
Arkema's PVC technology is one of the most efficient in the world. As currently planned, the four new projects in China will bring to more than 4 million tons per year the total production capacity of facilities using Arkema PVC licenses.
Since 2008, Jacobs and Arkema have collaborated worldwide on projects for which Arkema has licensed its PVC technology. Otto Takken, Vice President of Arkema's Vinyl Products division stated, "Arkema's relationship with Jacobs, one of the world's leading engineering and construction groups, offers special value to our clients."
In making the announcement, Jacobs Group Vice President Robert Mathastated, "Jacobs is extremely pleased to continue our collaboration with Arkema and to serve their clients in China. These contracts recognize our special technical capabilities in one key area of the competitive global chemical industry. This new work also satisfies our ongoing strategy to strengthen Jacobs' presence in China."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Source: Jacobs
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