Jacobs Engineering Group Inc.
), a construction services provider, recently received a contract
from China-based company, Jiangsu Sailboat Petrochemical Co. Ltd.
for designing a sulfuric acid plant for an undisclosed amount.
The plant is based in Lianyungang, Jiangsu.
Jacobs will supply complete designing as well as technical
advisory services for the construction and commissioning of the
plant. Per the terms of the contract, the plant will be the first
regeneration facility in China to use Jacobs' proprietary SAR
(Sulfuric Acid Regeneration) and SAC (Sulfuric Acid
Concentration) technologies, resulting in lower energy
requirements for the plant.
This contract, however, is not the first one relating to the
sulfuric acid plants. Prior to this, in late October last year,
Jacobs inked an agreement with India-based Paradeep Phosphates
Limited, for the use of project management consultancy (PMC)
services in the sulfuric acid plant based in the country. With an
undisclosed value, the project was supposed to last for 24
Jacobs has been apt at achieving a good number of projects,
while showing equal efficiency in implementing them. This week
Jacobs was awarded the 2012 Best Civil Works/Infrastructure Award
from Engineering News-Record (ENR). The award relates to its
operations at the Yellow River Water Reclamation Facility, which
was worth $245.0 million, and was completed 12 months prior to
the expected duration. Jacobs provided engineering and
construction services for the same.
Jacobs currently holds a Zacks Rank #2 (Buy). Other stocks
worth a look in the services industry are
AECOM Technology Corporation
Mistras Group Inc.
); each of these also hold a Zacks Rank #2 (Buy).
AECOM TECH CORP (ACM): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
MISTRAS GROUP (MG): Free Stock Analysis
TYCO INTL LTD (TYC): Free Stock Analysis
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