VANCOUVER – Vancouver-based Northwest Pipe Co. on Tuesday announced it will be closing its Denver facility, reducing its steel water pipe production capacity by 20 percent, according to the company.
“This difficult decision was driven primarily by the need to address the significant imbalance between production capacity and demand in the steel water pipe market,” said CEO Scott Montross. “The smaller footprint will allow us to sharpen our focus on margin over tons and reduce costs, while we maintain a leading market share.”
The Denver facility will close at the end of the year and make final shipments before being sold. It was not clear how many jobs will be affected. Northwest posted a $30 million loss last year.
