Northwest Pipe Co. told investors at its annual meeting last week there will be plenty of money to be made in the water transmission business, despite recent losses the company has posted.
The steel pipe manufacturer headquartered in Vancouver said infrastructure is strained and decaying, which will require $150 billion in investment through 2025, according to a presentation filed with the Securities and Exchange Commission on Thursday. That could help the company, which said it holds a 45 percent market share in the sector, as it comes off a $30 million loss in 2015. Northwest Pipe also projected a sharp increase in pipes produced starting this year, according to the SEC filing.
Traded as NWPX, the company’s stock rose 32 cents on Monday to end at $9.90.
