2024-06-18 02:58:59 ET
Summary
- Northwest Pipe Company specialises in water-related infrastructure products. It faced headwinds in 2023 due to the small bidding market and interest rate environment.
- The ageing US water infrastructure is in need of repairs to meet the current demand. For the next 20 years, total state needs are forecast at $625 billion.
- NWPX's strategically located plants in states with higher water CAPEX and wide market reach position itself well to capitalise on this growing demand for water infrastructure.
Synopsis
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Northwest Pipe Company: Growing Demand For Water Infrastructure Due To Ageing System