TIMEC Press Releases
JTI foresees strong Q1 2008La Porte, February 1, 2008 – TIMEC’s affiliate James-TIMEC International, Inc. (JTI) said today that the company anticipates a strong first quarter, following the conclusion of several deals negotiated in 2007. Execution of most of these contracts is expected to be finalized in late-March or early-April 2008. JTI has become the first choice for catalyst handling for several companies, including PCS Nitrogen, Inc. in Augusta, GA, where the company is slated to commence work at various units in mid-February. “Among the new accounts we’ve gained for the year is Texas Petrochemicals Corp. in Baytown, TX, where JTI has been committed as the primary contractor,” said JTI Vice President of Operations Dan Wiggins. The annual value of the account is estimated at $750k. Work at the site began in late January. Clients’ satisfaction with JTI’s service is continuously reflected in the number of repeat jobs the company is assigned. JTI has been awarded work at the BP Carson, CA refinery, with a March 8 start date. JTI is currently performing work at the facility. The value of the account is estimated at $2-3MM/year. Additional work has been scheduled along the Gulf Coast. A tubular reactor job at the DuPont vinyl acetate plant located in La Porte, TX will begin on March 25. With the same start date, JTI will be charging new catalyst load for the ultra-low-sulfur diesel unit at ExxonMobil Chalmette, LA. TIMEC is a leading global provider of maintenance, turnaround and construction services in a diverse range of industries including oil and natural gas; petrochemical; water and wastewater; and food, among others. TIMEC, jointly with its parent company Transfield Services, has over 20,000 employees, working across the United States, Canada, Australia, New Zealand, the United Arab Emirates, Qatar, South East Asia, and India.
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