Welded steel pipe maker Northwest Pipe Company (NWPX) announced that it has been selected to provide 77,089 feet of cement mortar lined and tape coated spiral welded pipe ranging in diameter from 24 to 36 inches for the Davis Woodland Water Supply Project.
The pipeline which is being built by Mountain Cascade, Inc. out of Livermore, CA, will transport raw water from the Sacramento River and deliver an expanded infrastructure capacity to this Northern California region. The pipeline installation is expected to begin by the end of Mar 2015 and be in operation by mid-2016.
The Davis Woodland project will use the Design-Build-Operate (DBO) procurement method, while CH2M Hill will lead the design and construction management effort for the project. Mountain Cascade will lead the pipe installation.
Northwest Pipe, last year, purchased steel pipe fabricator Permalok Corp. for an undisclosed price. Permalok fabricates steel pipes using its patented interlocking pipe joining system. With the buyout, Northwest Pipe is better placed to cater to customer needs through expanded its product offerings. The company believes that Permalok’s products have a greater market potential as they offer a lower cost solution vis-à-vis products currently available on the market.
Northwest Pipe makes large-diameter steel pipeline systems for use in water infrastructure applications, mainly in drinking water systems. The company also makes smaller diameter, electric resistance welded steel pipes and other similar products for use in energy, construction, agriculture, commercial and industrial, and traffic signpost applications.
Northwest Pipe currently carries a Zacks Rank #5 (Strong Sell).
Other companies in the metal processing and fabrication and other metals industry basic materials sector worth considering are Century Aluminum Co. (CENX), Noranda Aluminum Holding Corp. (NOR) and Golden Star Resources, Ltd. (GSS). While both Century Aluminum and Noranda Aluminum sport a Zacks Rank #1 (Strong Buy), Golden Star holds a Zacks Rank #2 (Buy).
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