Northwest Pipe Company Announces $6M Order
October 13 2008 - 8:20PM
Marketwired
Northwest Pipe Company (NASDAQ: NWPX) reported today it was awarded
a contract by the Greater Vancouver Water District of British
Columbia for the Seymour and Capilano Filtration Twin Tunnels
project. The Seymour and Capilano watersheds supply up to 70% of
the Lower Mainland's drinking water. Construction of new water
supply and treatment facilities for these water sources is underway
in the Lower Seymour Conservation Reserve (LSCR) and at Capilano
River Regional Park.
The Company will supply approximately 2,800 feet of 120" steel
pipe valued at approximately $6 million. The pipe is expected to be
manufactured in the Company's Adelanto, California division with
delivery scheduled to begin late 2009.
Northwest Pipe Company will release its third quarter earnings
on October 22, 2008.
Northwest Pipe Company manufactures welded steel pipe and other
products in two business groups. Its Water Transmission Group is
the 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 applications including construction,
agricultural, energy, traffic and other commercial and industrial
uses. The Company is headquartered in Vancouver, Washington and has
ten manufacturing facilities across the United States and
Mexico.
This release contains forward-looking statements, including
statements regarding the project described above. These statements
reflect management's current information about the project
mentioned above and 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 360-397-6250
Northwest Pipe (NASDAQ:NWPX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Northwest Pipe (NASDAQ:NWPX)
Historical Stock Chart
From Jul 2023 to Jul 2024