JBT Corporation Announces Award of Citrus Processing Conversion Contract
CHICAGO, June 8 /PRNewswire-FirstCall/ — JBT Corporation (NYSE: JBT) announced today that its JBT FoodTech business has been awarded an exclusive contract in excess of $30 million for the supply of new citrus processing equipment to French group Louis Dreyfus Commodities. The six year operating lease agreement includes the conversion of all LD Commodities’ (Dreyfus) Brazil and US-based citrus processing facilities to JBT FoodTech citrus juice extractors and associated ancillary equipment.
Dreyfus participates in a wide variety of businesses and commodities including the processing of citrus fruits, being one of the world’s three largest orange juice processors. Dreyfus markets citrus juice produced in their Brazil and U.S. operations to over 70 countries throughout North America, Europe, Asia Pacific, the Middle East and Latin America.
“We are very pleased with our strengthened relationship with Dreyfus and Dreyfus’ confidence in JBT’s leading citrus processing technology and proven track record for field service and technical support,” said Juan Podesta, Vice President and General Manager for JBT FoodTech’s Food Processing Systems Division. “Throughout the last citrus season, JBT’s technical team worked closely with Dreyfus to unequivocally demonstrate JBT’s strong value streams. We will continue to work closely with the Dreyfus team to contribute to our customer’s success in achieving the optimal mix of yield, quality, and throughput that the market demands.”
The project will be phased in over the next three years with all Dreyfus facilities fully converted to JBT FoodTech citrus extractors by the second quarter of 2013.
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,300 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com or www.jbtfoodtech.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company’s ability to control. These risks and uncertainties are described under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company’s website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
SOURCE JBT Corporation