VANCOUVER, WA--(Marketwire - September 25, 2008) - Northwest Pipe Company (
The Company will supply approximately 2,600 feet of 48"-144" steel pipe valued at approximately $7 million for an engineered and custom fabricated piping system. The pipe is expected to be manufactured and fabricated in the Company's Adelanto, California and Portland, Oregon divisions with delivery scheduled to begin late in the second quarter of 2009.
"This order is part of the Hetch Hetchy system that serves San Francisco and surrounding areas and is in the midst of a multi-year repair, replace and upgrade project," said Brian W. Dunham, President & CEO. "We are pleased to see that this project, along with new and replacement projects throughout our water transmission market are continuing to develop as we had expected. Additionally, certain of our tubular products' markets, particularly energy, continue to be strong and are expected to remain so through the end of the year."
Northwest Pipe Company will release its third quarter earnings on October 22, 2008.
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 by Mr. Dunham and the 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 Information: For more information, contact: Brian Dunham 360-397-6250