The Company will produce engineered steel pipe for the Central Utah Water Conservancy District project.
VANCOUVER, Wash. , June 13, 2022 /PRNewswire/ -- Northwest Pipe Company (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure including engineered pipeline systems and precast products, has been selected by Ames Construction and the Central Utah Water Conservancy District to manufacture engineered steel pipe for Salem Reach 1 of the Spanish Fork Santaquin Pipeline Project.
The Salem Reach 1 portion of the Spanish Fork Santaquin Pipeline will extend the Utah Lake System pipeline from Spanish Fork through Salem towards its terminus in Santaquin. The Utah Lake System pipeline is a feature of the Bonneville Unit of the Central Utah Project ("CUP"), the largest and most complex water resources development project undertaken by the Department of Interior in the State of Utah .
The CUP project was originally authorized under the Colorado River Storage Project Act of 1956 and develops a portion of Utah's share of the Colorado River, as set out in the Colorado River Compact of 1922. The Central Utah Water Conservancy District treats and delivers over 100 million gallons of water per day to their service district by managing the CUP project.
Northwest Pipe Company is manufacturing over 2,500 tons of 60-inch diameter engineered steel pipeline with cement mortar lining and a tape wrap coating with a cement mortar overcoat. The Company is producing approximately 12,200-feet of pipe for the project at the Tracy, California , facility and expects delivery to start in the third quarter of this year.
"Utah continues to see steady growth in population and the Central Utah Project is critical to ensuring that clean, reliable water is delivered to the 1.5 million plus residents in the District," states Scott Montross , President and CEO of Northwest Pipe Company. "We are pleased to be part of the solution that will provide a sustainable water source for the central Utah communities."
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-the-salem-reach-1-of-the-spanish-fork-santaquin-pipeline-project-301566899.html
As we move toward the end of Q2, it’s time to start thinking about earnings. Looking back at the quarter, analysts are predicting earnings growth of 8%, which may rise to 11% heading into next year. It’s a rosy picture, but it’s also not a sure thing. GDP contracted in Q1, by nearly 1.5%, and some estimates are showing 0% growth in Q2. Such results would meet the technical definition of a recession – and recession is hardly the usual environment to find robust earnings growth. Looking at current
At current levels, investors need a 7% to 8% return just to preserve their wealth.
Nuclear submarine supplier to be sold to US buyer after diplomatic row Russian default expected within days Retail sales volumes down 0.5pc in May FTSE 100 rises strongly Ambrose Evans-Pritchard: The pro-Brussels establishment is painting Brexit as an economic disaster to reverse it Sign up here for our daily business briefing newsletter
Tesla plant near Shanghai is going to shut down temporarily, according to reports. On Wednesday, Reuters reported that Tesla (ticker: TSLA) will shut down production in China for a couple of weeks at the start of July to upgrade equipment. Tesla didn’t return a request for comment.
“Time is running out for cash-burning companies kept afloat with easy access to capital,” New Constructs CEO David Trainer said in a Thursday research note.
(Bloomberg) -- Robinhood Markets Inc. faced a more dire situation during the height of last year’s meme-stock frenzy than executives at the online brokerage let on publicly, according to a report from top Democrats on a key congressional committee. Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightStocks Roar Back With Best Week in a Month: Markets WrapJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionProtest Latest: NY, DC Marches Grow as
This month we’ve received both good and bad news from the “single greatest predictor of future stock market returns.” It is a contrarian indicator, with higher equity allocations associated with lower subsequent market returns, and vice versa. According to a simple econometric model I constructed that bases its predictions on the historical correlation between the indicator and the stock market, the S&P 500’s real total return over the next decade will be minus 3.3% annualized.
Energy prices are high. But bargain-hunter Buffett continues to bet on big oil.
Shares of the specialty pharmaceutical company Bausch Health Companies (NYSE: BHC) are surging today in response to the news that Joseph Papa has resigned from the board of directors effective immediately. Over the past six years, Papa has been instrumental in lowering the company's sky-high debt and keeping it out of bankruptcy court. Bausch said in a statement Thursday evening that billionaire hedge fund manager John Paulson will fill the vacant board position.
Bitcoin bear markets aren't unusual. But cryptocurrencies have never faced such an aggressive Federal Reserve. Welcome to the crypto ice age.
The drop is exciting some Berkshire investors because the stock now trades for 1.3 times Barron's estimate of its June 30 book value, compared with more than 1.5 times at its March high.
Shares in Polestar Automotive Holding UK PLC jumped 16% on their first day of trading Friday, after the Swedish electric-vehicle maker completed a merger with a special-purpose acquisition company amid plans to expand globally. Polestar agreed to be acquired by blank-check company Gores Guggenheim in September. The auto maker is a unit of Volvo Car AB, which in turn is owned by Zhejiang Geely Holding Group Co. of China.
Yahoo Finance Live anchors discuss the possible acquisition of Zendesk.
Shares in the biggest U.S. banks rallied on Friday after they passed the Federal Reserve's annual health check, but Bank of America underperformed with test results implying it needs a larger-than-expected capital buffer, which could limit share buybacks and dividends. While the broader equity market also rallied on Friday, Wells Fargo & Co, up 7.5%, was the biggest gainer among the 34 lenders that underwent the Fed's so-called stress test, which measures how they would fare in a hypothetical severe economic downturn. The group would have roughly twice the capital required under Fed rules in the downturn scenario, it said.
U.S. stock indexes moved more than 2% higher, as investors shifted their views about central bank policy after weak economic data.
In this article, we will look at 10 stocks to profit from inflation. If you want to explore similar stocks, you can also read 5 Stocks to Profit from Inflation. Billionaire investor and hedge fund manager of the world’s largest hedge fund, Bridgewater Associates, Ray Dalio shared his views on the current economic situation that […]
High inflation could be here to stay. Make the necessary adjustments.
Shares of Delta (NYSE: DAL), United Airlines (NASDAQ: UAL), and American Airlines (NASDAQ: AAL) each surged on Friday, up 5.2%, 6.8%, and 7%, respectively, as of 3:02 p.m. ET. There wasn't much in the way of company-specific news today, but virtually all economically sensitive stocks, like airlines, were surging higher today after recession fears had caused a big sell-off over the past week. Ever since the market got June inflation data, as well as results of the preliminary University of Michigan consumer-sentiment readings earlier this month, the market has taken another leg down.
The market rally has picked up momentum. Here's what to do now. Enphase, Google are among nine stocks to watch.
Shares of Meta Platforms (NASDAQ: META), the parent company of Facebook, were rising quickly today on seemingly no company-specific news. Instead, a rebound in the tech sector appears to be sending Meta's stock higher today. The tech stock had gained 5.8% as of 1:22 p.m. ET on Friday.