SOURCE: Northwest Pipe Company

August 22, 2006 05:00 ET

Northwest Pipe Company Announces Monterrey Expansion

PORTLAND, OR -- (MARKET WIRE) -- August 22, 2006 -- Northwest Pipe Company (NASDAQ: NWPX) reported today that it has completed an expansion of its facility in Monterrey, Mexico. The Company has constructed a 20,000 square foot, crane-served fabrication facility to augment its existing metal fabrication capabilities. This new expansion possesses extensive metal forming, welding and processing capabilities. The Company has already begun serving the fabrication requirements of selected OEM customers. Further, NW Pipe believes this added capability will give it the low cost position in producing high-value added components, such as fittings and pipe specials, in its Water Transmission Division.

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
    503-946-1200