CHICAGO, April 3, 2014 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced today that its JBT FoodTech business has signed a contract valued in excess of $5 million with a multinational food processor.
JBT FoodTech will supply and install a continuous sterilization system as part of a plant capacity expansion project in Asia for canned milk.
"We are very pleased with the award of this contract," said Steve Smith, Vice President and General Manager for JBT FoodTech. "This project is another excellent example of how FoodTech partners with our customers in the delivery of the highest and most consistent product quality with the lowest cost per unit of production."
The order was received in the first quarter of 2014 with the project currently scheduled for shipment 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 3,300 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