Northwest Pipe Company Awarded $30 Million Casings Contract
January 08 2008 - 4:30PM
Marketwired
PORTLAND, OR announced today it has been awarded an
approximately $30 million contract by Major Tool & Machine Inc.
of Indianapolis, Indiana, to manufacture tubing for steel casings
that will be used for centrifuge machines in USEC's American
Centrifuge Plant in Piketon, Ohio. Northwest Pipe will begin
manufacturing the tubing in 2008 at its Parkersburg, West Virginia
Division. The contract will continue until 2012.
"We are excited to be a part of this program," said Brian W.
Dunham, President and CEO. "Our commitment to quality, years of
experience, customer service and state-of-the-art equipment all
played a part in getting this contract. We are also pleased to be
working with Major Tool & Machine, a very experienced
fabricator for critical components in aerospace, defense and power
applications."
Major Tool & Machine was earlier awarded the contract to
supply the completed casings which will be installed in USEC's
plant. The American Centrifuge Plant will include 11,500 separate
centrifuge machines.
As America's only commercial uranium enrichment facility using
U.S. centrifuge technology, the American Centrifuge Plant will play
an important role in America's energy security. Enrichment is the
process by which the concentration of the fissionable uranium
isotope, U-235, is increased in order to make fuel for nuclear
power plants. USEC plans to begin operations in 2009 and be fully
operational by 2012.
Northwest Pipe Company manufactures welded steel pipe and other
products in three business segments. Its Water Transmission Group
is a leading supplier of large diameter, high-pressure steel pipe
products that are used primarily for water infrastructure in North
America. Its Tubular Products Group manufactures smaller diameter
steel pipe for a wide range of construction, traffic signposts,
agricultural, energy, industrial and mechanical applications. Its
Fabricated Products Group manufactures propane tanks and other
fabricated products. The Company is headquartered in Portland,
Oregon and has ten manufacturing facilities across the United
States and Mexico.
This release contains forward-looking statements, including but
not limited to those regarding the project described above. These
statements reflect management's current views and estimates of
market circumstances, industry conditions and Company performance.
Actual results could vary materially from the description contained
herein due to many factors including market demand, operating
efficiencies, availability and price of raw materials, and other
risks described from time to time in the Company's reports to the
Securities and Exchange Commission.
For more information, contact: Brian Dunham 503-946-1200
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