CHICAGO, Jan. 4, 2011 /PRNewswire via COMTEX/ --
JBT Corporation (NYSE: JBT) announced today that its JBT FoodTech business has signed a contract valued at $4 million with Malaysia-based PML Dairies, a wholly owned subsidiary of F&N Holdings Berhad. JBT FoodTech will supply filling, closing and sterilization technologies at PML Dairies' new Pulau Indah milk processing plant.
F&N is the biggest canned milk producer in South East Asia with products including sweetened condensed, evaporated and sterilized canned milk, milk and dairy products, pasteurized juices and ice cream.
"We are very pleased with F&N's continued confidence in JBT's leading in-container processing technologies," said Juan Podesta, Vice President and General Manager for JBT FoodTech's Food Processing Systems Division. "This project is an excellent example of how JBT FoodTech is partnering with global customers and supporting the development and expansion of the Asian food industry."
The order was received in fourth quarter of 2010 with the project completion scheduled for the second quarter of 2011.
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