Northwest Pipe Company Announces $7 Million Project
June 04 2009 - 7:00PM
Marketwired
Northwest Pipe Company (NASDAQ: NWPX) reported today that it has
received a Letter of Intent from Slayden Construction Group, Inc.
of Stayton, Oregon to supply pipe for the Juniper Ridge
Hydroelectric Power Project for the Central Oregon Irrigation
District.
The Company will supply approximately 14,000 feet of 108" steel
pipe valued at approximately $7.0 million for an engineered and
custom fabricated piping system. This pipe is expected to be
manufactured in the Company's Portland, Oregon facility with
delivery scheduled to begin in the third quarter of 2009.
The 3.27 megawatt Juniper Ridge Hydro project is part of the
Central Oregon Irrigation District's 22 mile Pilot Butte Canal. The
piping portion of the project carries watershed benefits by
eliminating water loss through the canal. This loss will place in
excess of 20 cubic feet per second of water permanently in the
Deschutes River. This additional water will benefit the river
habitat and the ESA listed steelhead recently reintroduced
downstream. Increased river flows will also enhance water quality
conditions of concern to the Department of Environmental Quality
under the Clean Water Act.
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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