Northwest Pipe Company (NASDAQ: NWPX) reported today that it was named as pipe supplier to Bar Constructors of Lancaster, Texas to supply approximately 43,000 feet of 84-inch diameter steel pipe, valued at approximately $15 million.
The pipe is for the East Fork Raw Water Supply Pipeline, a project of the North Texas Municipal Water District. The pipe is expected to be manufactured in the Company's Saginaw, Texas and Parkersburg, West Virginia divisions with delivery scheduled to begin in the second quarter of 2007.
Northwest Pipe Company manufactures welded steel pipe in three business segments. Its Water Transmission Group is a 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 construction, agricultural, energy, industrial and mechanical applications. Its Fabricated Products Group manufactures propane tanks and other fabricated products. The Company is headquartered in Portland, Oregon and has nine manufacturing facilities across the United States and Mexico.
This release contains forward-looking statements, including but not limited to those regarding the project described above. These statements reflect 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.
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