Jacobs Receives Contract for Paints Plant in India
OREANDA-NEWS. Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a contract from Asian Paints Limited (APL) to provide engineering services for a greenfield paints plant near Visakhapatnam in Andhra Pradesh, India. This is Jacobs’ second consecutive order from APL in India, following a similar contract awarded in late 2015.
Under the terms of the contract, Jacobs is expected to provide detailed engineering and construction supervision services for the project. The contract duration is approximately 3 years.
The new facility is expected to have an initial production capacity of 300,000 kiloliters per annum (KLPA) of decorative paints.
In making the announcement, Jacobs Senior Vice President India & Asia Vinayak Pai stated, “We are very happy to continue our relationship with APL. We recognize this plant is a strategically important part of APL’s expansion program in the Indian market and that this order demonstrates APL’s trust and confidence in our capabilities. I’m confident our global experience in the chemical industry combined with our strong local knowledge will contribute significant value to this project."
APL is India’s leading and Asia’s second largest paints company, with 26 manufacturing facilities spread across 19 countries.
Jacobs is one of the world's largest and most diverse providers of technical, professional and construction services.