Northwest Pipe Company Announces $11 Million Order
June 08 2009 - 8:00AM
Marketwired
Northwest Pipe Company (NASDAQ: NWPX) reported today that it has
received a commitment from Oscar Renda Contracting of Roanoke, TX
to supply pipe for the Bi-County Water Tunnel for the Washington
Suburban Sanitation Commission.
The Company will supply approximately 29,000 feet of 84" steel
pipe valued at approximately $11 million for an engineered and
custom fabricated piping system. The pipe is expected to be
manufactured in the Company's Parkersburg, West Virginia division
with delivery scheduled in the first quarter of 2011.
The Bi-County Tunnel project is a 5.3 mile tunnel and associated
steel pipe liner. The water main will be part of a transmission
system to deliver potable water from Washington Suburban Sanitary
Commission's Potomac Water Treatment Plant to points in Prince
George's County, Maryland.
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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