Jacobs Engineering (JEC) Enters Joint Venture with Office Cherifien Des Phosphates
More News related to JEC
- Jacobs Receives Construction Services Contract From ExxonMobil Production Company for Hawkins Field Project
- Jacobs President & CEO Craig Martin and CFO John Prosser to Speak at Barclays Capital Conference
- Broadpoint.AmTech Upgrades Jacobs Engineering Group (JEC) to Buy
- Notable Analyst Rating Changes 02/02: AA, Q, AXP, FCX, ACHN Upgraded; JEC, VCLK, AVAV Downgraded
- Goldman Sachs Downgrades Jacobs Engineering (JEC) to Conviction Sell
More News related to Corporate News
- S&P Announces Change to US Index: TSRA for FIF
- RealNetworks (RNWK) and MTV Networks (VIA-B) to Split Off Joint Venture Rhapsody
- Watts Water (WTS) Board Approves Restructuring Program; Shutting Down 3 Plants, Cutting 95 Jobs
- Transcept Pharmaceuticals (TSPT) Granted U.S. Patent Covering Intermezzo Formulation
- AAR (AIR) Predicts Impact of Mesa's Bankruptcy on Q3 Results
Jacobs Engineering Group Inc. (NYSE: JEC) and Office Cherifien Des Phosphates announced today their intent to enter into an engineering joint venture agreement.
Officials did not disclose the terms of the agreement, which will remain confidential between the parties. However, during the initial phase, the joint venture will provide program, project management, and engineering services for projects based on the US $5 billion investment program of OCP in Morocco.
The new company will employ Jacobs engineering systems and tools and will be staffed by OCP and Jacobs, as well as with local hires. The new company is expected to be in operation before the end of 2009 and to employ over 200 people within a 12-month period.
OCP Group is a worldwide leader in the phosphate rock and derivatives market and is headquartered in Casablanca, Morocco.
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Related Categories
Corporate NewsStocks Mentioned
+0.47Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
