Northwest Pipe Company Announces $14 Million in Projects
June 03 2009 - 7:17PM
Marketwired
Northwest Pipe Company (NASDAQ: NWPX) is pleased to announce that
we have been selected as the pipe supplier for two major water
pipeline projects. These two projects have a total contract value
of $14 million.
The first contract is with Ames Construction of West Valley
City, UT. Northwest Pipe will supply approximately 10,000 feet of
96" pipe for the Utah Lake/Spanish Fork Reach 3 project. The pipe
will be manufactured at the Adelanto, CA facility with delivery
scheduled to begin late in the third quarter of this year.
The second contract is with SJ Louis Construction of Mansfield,
TX. Northwest Pipe will supply approximately 20,000 feet of 60"
pipe for the Utah Lake/South Fork to Provo Canal/Mapleton Reach
project. The pipe will be manufactured at the Saginaw, TX facility
with delivery to begin early in the third quarter.
Both of these projects are part of the Central Utah Project
Completion Act (CUPCA) enacted in 1992. It removed responsibility
for completing the Central Utah Project (CUP), a federal water
project, from the US Bureau of Reclamation. CUPCA then distributed
responsibility for the project to the local water district -- the
Utah Water Conservancy District. CUP is the largest water resources
development program ever undertaken in the State. Water developed
by the Central Utah Project will be used for municipal, industrial,
irrigation, hydroelectric power, fish, wildlife, conservation and
recreation. The project will improve flood control capability and
assist in water quality control. These orders are for a
continuation of a pipeline from the Strawberry Reservoir to the
Provo Canal.
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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