CHICAGO, Dec. 3, 2012 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced today that its JBT FoodTech business signed a contract in excess of $4 million for a new fruit processing project with Almacenes de Jugos de Citricos de Mexico, SAPI de CV. Almacenes de Jugos is made up by a conglomeration of many growers together with venture capitalists and a new entrant into the Mexican fruit processing industry.
JBT FoodTech will supply and integrate a turn-key fruit processing solution into a new Papantla, Veracruz, Mexico-based facility. This new plant, set to produce orange and other fruit juices, is projected to have a significant economic and social impact in the State of Veracruz.
"We are very pleased with Almacenes de Jugos' confidence expressed in JBT's leading fruit processing technologies," said Steve Smith, Vice President and General Manager for JBT FoodTech's Food Processing Systems Division. "This project is an excellent example of JBT's long-term support of the expansion of Mexico's fruit and juice industry."
The project is currently scheduled to be operational in the second quarter of 2013.
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