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JBT Corporation Announces $10 Million Freezing Technologies Contract Award
Nov 19, 2013 (04:11 AM EST)
CHICAGO, Nov. 19, 2013 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced today that its JBT FoodTech business signed a contract valued at approximately $10 million to provide an Asia-based food processor with freezing solutions.
JBT FoodTech will supply and integrate new freezing lines, including Frigoscandia GYRoCOMPACT® M10, M9, M7 and M6 spiral freezers, for the production of oven-ready frozen foods in China.
"This project is another excellent example of how JBT provides customized freezing solutions tailored to meet our customer's specific end product and regional expansion needs," stated Steve Smith, Vice President and Division Manager for JBT FoodTech.
The project is currently scheduled to be operational in the fourth quarter of 2014.
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,200 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com or www.jbtfoodtech.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
SOURCE JBT Corporation