Northwest Pipe Company Announces $17M Order
November 20 2008 - 2:39PM
Marketwired
Northwest Pipe Company (NASDAQ: NWPX) reported today that it has
received a Letter of Intent from Garney Construction of Kansas City
to supply pipe for the Prairie Waters Project for the City of
Aurora, Colorado.
The Company will supply approximately 75,000 feet of 60" and
17,000 feet of 30" steel pipe valued at approximately $17 million
for an engineered and custom fabricated piping system. The pipe is
expected to be manufactured in the Company's Denver, Colorado
division with delivery scheduled to begin in the first quarter of
2009.
The Prairie Waters Project is designed to provide a reliable
supply of high quality water to the City of Aurora by drawing water
from the South Platte River through collector wells. It will be
delivered to nearby natural purification basins where its movement
through sand and gravel will take it through a natural cleansing
process. The water will then be piped 38 miles south to the Aurora
Reservoir where it will be treated at a new water purification
facility. It is anticipated to deliver up to 10,000 acre feet of
water by 2010 and up to 15,000 acre feet 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, agricultural, energy,
industrial and mechanical applications. Its Fabricated Products
Group manufactures propane tanks and other fabricated products. 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.
CONTACT: Brian Dunham Chief Executive Officer 360-397-6250
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