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Jacobs Signs MOU with Thailand-Based Engineering Contractor

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Jul 9 2010

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has signed a Memorandum of Understanding (MOU) with PTT Maintenance and Engineering Company Limited (PTTME), a leading maintenance and engineering contracting company based in Thailand.

The MOU establishes a formal strategic alliance between PTTME and Jacobs to jointly execute projects in Thailand.

PTTME has over 1,153 employees engaged primarily in maintenance, engineering, construction, and plant inspection for the refining, petrochemicals, and utility sectors in Thailand. The company is a subsidiary of PTT Plc and PPT Chemical Plc (PTTCHEM).

Under the alliance agreement, which has a duration of 3 years, Jacobs and PTTME will provide a wide range of services for capital projects to PTTCHEM and other clients in the petrochemical, refining, and utility sectors in Thailand.

In making the announcement, Jacobs Group Vice President, Christopher E. Nagel stated, "This alliance combines Jacobs' global capabilities in technical consulting, large-project execution, and alliances with PTTME's respected maintenance and engineering expertise within the local market. Together, we provide higher levels of value to support our clients in Thailand."

Source: http://www.jacobs.com/

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