Northwest Pipe Company to Supply Water Transmission Pipeline for Phase 1B of the Carrizo-Water Supply Project

Rhea-AI Summary

Northwest Pipe Company (Nasdaq: NWPX) has secured a contract with Garney Construction for the manufacturing of engineered steel pipe for Phase 1B – Segment A of the Carrizo-Water Supply Project, expected to be operational by late 2023. The project, serving Texas communities including San Marcos and Buda, is designed to deliver 19 million gallons of water daily, benefiting over 225,000 residents. Northwest Pipe will produce approximately 89,000 feet of 48-inch-diameter pipeline using over 5,100 tons of steel from its Saginaw, Texas plant.

Positive

• Secured contract for Carrizo-Water Supply Project, enhancing revenue potential.
• Manufacturing over 89,000 feet of engineered steel pipe, indicating strong production capabilities.
• Project supports infrastructure growth in Texas, catering to a growing population.

Negative

• None.

VANCOUVER, Wash., Dec. 20, 2021 /PRNewswire/ -- Northwest Pipe Company (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure and engineered pipeline systems, has been selected by Garney Construction and the Alliance Regional Water Authority to manufacture engineered steel pipe for Phase 1B – Segment A of the Carrizo-Water Supply Project.

The project, which will be operational by late 2023, includes new water transmission pipeline, four wells, storage tanks, pump stations, and a treatment facility. Serving the cities of San Marcos, Buda, Kyle, and other utility districts represented by the Canyon Regional Water Authority, the plant will provide 19 million gallons of water per day to these Texas communities.

Northwest Pipe Company is manufacturing over 89,000 feet, or nearly 17 miles, of water transmission pipe that will convey water from the Carrizo-Wilcox aquifer to a new treatment plant. Over 5,100 tons of steel is being used to manufacture the cement mortar lined and polyurethane coated 48-inch-diameter engineered pipeline.

"The State of Texas continues to see steady growth in population and this new water treatment facility will provide water to over 225,000 residents on a daily basis," states Scott Montross, President and CEO of Northwest Pipe Company. "We are pleased to again team with Garney Construction on this large Texas infrastructure project, which is using steel pipe manufactured at our nearby plant in Saginaw, Texas."

About Northwest Pipe Company – Founded in 1966, Northwest Pipe Company is a leading manufacturer for water-related infrastructure products. In addition to being the largest manufacturer of engineered steel water pipeline systems in North America, the Company manufactures high-quality precast and reinforced concrete products; water, wastewater, and stormwater equipment; steel casing pipe; bar-wrapped concrete cylinder pipe; and one of the largest offerings of pipeline system joints, fittings, and specialized components. Strategically positioned to meet growing water and wastewater infrastructure needs, Northwest Pipe Company provides solution-based products for a wide range of markets under the ParkUSA, Geneva Pipe and Precast, and Permalok® lines. The Company's diverse team is committed to quality and innovation while demonstrating the Company's core values of accountability, commitment, and teamwork. The Company is headquartered in Vancouver, Washington, and has 13 manufacturing facilities across North America. Please visit www.nwpipe.com for more information.

Contact:
Aaron Wilkins
Chief Financial Officer
Northwest Pipe Company
360-397-6294 • awilkins@nwpipe.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/northwest-pipe-company-to-supply-water-transmission-pipeline-for-phase-1b-of-the-carrizo-water-supply-project-301448616.html

SOURCE Northwest Pipe Company

FAQ

What is the purpose of the Carrizo-Water Supply Project involving NWPX?

The project aims to provide water transmission infrastructure to enhance water supply for Texas communities, serving over 225,000 residents.

When will the Carrizo-Water Supply Project become operational?

The project is expected to be operational by late 2023.

What is the significance of NWPX's contract with Garney Construction?

This contract highlights NWPX's role in critical water infrastructure development, potentially boosting its business growth and revenue.

How much steel is being used for the pipeline in the Carrizo-Water Supply Project?

Over 5,100 tons of steel will be used to manufacture the pipeline.

What benefits will the Carrizo-Water Supply Project provide to Texas communities?

The project will supply 19 million gallons of water per day, addressing the water needs of growing communities in the area.