Northwest Pipe Company Announces $9 Million Project
February 05 2009 - 6:20PM
Marketwired
Northwest Pipe Company (NASDAQ: NWPX) reports today it has been
awarded the contract for the City Trunk Line South Unit 2 project,
owned by Los Angeles Department of Water & Power, to furnish
approximately 10,500 feet of 66", 60", 54" and 24" diameter welded
steel pipe and custom engineered fittings by W.A. Rasic of Bell
Gardens, California. The value of the pipe order is approximately
$9 million. The pipe will be manufactured at the Adelanto,
California facility of Northwest Pipe Company. Delivery will start
in early third quarter 2009 and be completed by 2011.
Project Background: The Trunk Line South Unit 2 is part of the
City Trunk Line South (CTLS) Project. The CTLS project is part of
the Los Angeles Department of Water & Power's (LADWP)
aggressive Capital Improvement Program to replace the City's aging
water infrastructure system. The Trunk Line has a history of leaks
and breaks and will be required to adequately withstand higher
pressures in the future. The new Trunk Line will provide a more
reliable supply of water to the area and will allow greater
operational flexibility of the water distribution system in the
City of Los Angeles.
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
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