Jacobs Engineering selected by Reliance Industries Jacobs Engineering Group announced it has been selected by Reliance Industries Limited to provide engineering and procurement assistance services for the construction of a Mono Ethylene Glycol plant at the Jamnagar refining and petrochemical complex in Gujarat, on the West Coast of India. Jacobs Group Vice President Allyn Taylor stated, "We appreciate Reliance's confidence in us for this significant portion of its petrochemical expansion project at the Jamnagar complex. The assignment further advances our long term relationship with Reliance and our presence in India. We are committed to delivering a high level of service and value on this project."
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Analog Devices (ADI) downgraded to Neutral from Overweight at JPMorgan... Bed Bath & Beyond (BBBY) downgraded to Market Perform at William Blair... Cameco (CCJ) downgraded to Neutral from Buy at BofA/Merrill... Clorox (CLX) downgraded to Neutral from Buy at Citigroup... Concur (CNQR) downgraded to Neutral from Buy at Roth Capital... Del Frisco's (DFRG) downgraded at Sterne Agee... Dick's Sporting (DKS) downgraded to Market Perform from Outperform at William Blair... Dresser-Rand (DRC) downgraded to Hold from Buy at KeyBanc... Equinix (EQIX) downgraded to Market Perform from Outperform at Wells Fargo... Fluor (FLR) downgraded at Wells Fargo... Gordmans Stores (GMAN) downgraded at Canaccord... Jacobs Engineering (JEC) downgraded to Market Perform from Outperform at Wells Fargo... Nanometrics (NANO) downgraded to Hold from Buy at Canaccord... ON Semiconductor (ONNN) downgraded to Neutral from Overweight at JPMorgan... Siemens (SIEGY) downgraded to Equal Weight from Overweight at Barclays... Sigma-Aldrich (SIAL) downgraded to Hold from Buy at KeyBanc... Taminco (TAM) downgraded to Hold from Buy at Jefferies... Viasystems (VIAS) downgraded to Hold from Buy at Canaccord... Watsco (WSO) downgraded to Accumulate from Buy at Global Hunter.
Jacobs Engineering opens new office in Saudi Arabia to support Saudi Aramco Jacobs Engineering Group expands with a new office in Al Khobar, Saudi Arabia, to strengthen its support for Saudi Aramco and other key clients and partners in the Kingdom of Saudi Arabia.