July 19, 2011
Jacobs Wins Major Contract From URENCO in UK
PASADENA, Calif., July 19, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been awarded a contract by URENCO ChemPlants Limited, a wholly owned subsidiary of URENCO Ltd, for project management, design engineering, procurement, construction management and inactive commissioning associated with a new tails management facility (TMF) at URENCO's Capenhurst site in north-west England, United Kingdom. This is a major nuclear/chemical development for URENCO in the UK.
Officials did not disclose the contract value.
As part of the nuclear fuel cycle, tails is a by-product of the uranium enrichment process performed at URENCO's facilities. The plant, including all ancillary systems and support facilities, is expected to deconvert the material into a passive form which will be stored on the Capenhurst site.
The contract commences immediately. Completion of construction and pre-commissioning is scheduled for early 2015, prior to URENCO's commissioning and operation of the facility.
Jacobs Executive Vice President Gary Mandel stated, "Jacobs has extensive design engineering and project delivery experience working to meet industry regulators' standards within this nuclear tails management segment. We are looking forward to working together with URENCO to deliver this important project."
This new facility will generate approximately 80 new operational jobs when the plant comes online.
URENCO Chemplants Ltd is a wholly owned subsidiary of URENCO Ltd. The Capenhurst site has established itself as a highly successful operation, expanding its production capacity to 5,000 tSW/a by the end of 31 December 2010, and contributing to the Group's objective of being the leading international supplier of enriched uranium and associated technologies.
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2010 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 do not undertake to update any forward-looking statements made herein.
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SOURCE Jacobs Engineering Group Inc.