Posts Tagged ‘oil and gas industry’

T.J.T. Reports Q3 2012 Loss

August 15th, 2012 Comments off

Stockhouse tells MHProNews T.J.T., Inc. of Emmett, Idaho reports a net loss of $194,000 for its third quarter of fiscal year 2012 versus a net loss for the same period last year of $346,000. Net sales fell from $1,457,000 for the quarter ending June 30, 2011 to $880,000 for the same period 2012, accounted for by a drop in sales of tires and axles by 52%, and a decrease in sales of accessories of 21% due to “competitive impacts.” Despite savings incurred as the result of closing facilities in Colorado and Washington, the net loss for 2012 was impacted by administrative and start-up costs associated with the distribution of parts and services for its North Dakota RV operations in the first quarter of fiscal year 2012, and its Field Service Division in Q3 2012 to provide mobile shower and laundry services to the oil and gas industry, also in ND. The company supplies axles, tires, and set-up supplies to the manufactured housing industry, and aftermarket supplies to the MH, RV, and residential markets.

(Photo credit: Riley Transport)

Modular Building Starts Back Up

May 21st, 2012 Comments off

NorthernColoradoBusinessReport says Edmonton, Alberta, Canada-based PTI Group Inc. bought the 100,000 square foot plant previously occupied by Barvista Homes modular home manufacturer in Johnstown, Colorado, to produce modular offices and housing for use by the burgeoning oil and gas industry in northern Colorado. Billing itself as one of the largest hoteliers in North America with 22,000 rooms, PTI has not sold any units yet, but as hotel occupancy and home rents increase, the opportunity will become more evident. An employer of 3,000 people across the globe, PTI anticipates hiring 250 workers at its new plant between Denver and Fort Collins, mostly plumbers, electricians, and carpenters, has learned.

(Photo credit: ReginaLeaderPost/Troy Fleece)