PASADENA, Calif.--Jacobs Engineering Group Inc. (NYSE:JEC) announced today that its client, Monsanto Company (Monsanto) has announced that it has approved plans to expand its St. Charles Parish operations in Luling, Louisiana.
Following completion of front end engineering, Jacobs is to provide detailed engineering and procurement for the project now that Monsanto’s board has approved the expansion.
In making the announcement, Jacobs Senior Vice President Petroleum and Chemicals Manuel Junco stated, “The continuation of our relationship through the funding of this project reflects our strength in full-service delivery of major chemical facilities on the U.S. Gulf Coast. We are excited to continue working alongside Monsanto to deliver this important project.”
Monsanto, headquartered in St. Louis, Missouri, is committed to bringing a broad range of solutions to help nourish our growing world.
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 2015 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.