SOURCE: Northwest Pipe Company

October 10, 2006 05:00 ET

Northwest Pipe Company Announces $22M Order

PORTLAND, OR -- (MARKET WIRE) -- October 10, 2006 -- Northwest Pipe Company (NASDAQ: NWPX) reported today that it has been selected to furnish approximately $22 million of large diameter pipe for the Rio Colorado project in Baja California, Mexico.

Northwest Pipe will supply approximately 27 miles of 54 and 60 inch diameter steel pipe to Administradora de Obras Y Concesiones, a Mexican corporation. This pipe will be primarily manufactured at Northwest Pipe's Adelanto, California plant with some components produced at the Company's Monterrey, Mexico facility. The pipe will be delivered during the first three quarters of 2007. Management believes this order represents a milestone in serving the Mexican market. Further, the Company expects Mexico to be an important and growing market in the foreseeable future.

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 transmission in the United States and Canada. 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.

Contact Information

  • For more information, contact:

    Brian Dunham