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Stock impact report

Northwest Pipe Company Ordered to Temporarily Close Plant Operations in Mexico

NWPX Infrastructure, Inc. (NWPX) 
Last nwpx infrastructure, inc. earnings: 3/2 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: nwpipe.com/investor-relations
Company Research Source: GlobeNewswire
VANCOUVER, Washington, April 07, 2020 (GLOBE NEWSWIRE) -- Northwest Pipe Company (Nasdaq: NWPX), an industry leader of engineered pipeline systems for water infrastructure, announced it has been ordered to close its water infrastructure manufacturing facility in San Luis Rio Colorado (“SLRC”), Mexico, through April 30, 2020 as a result of mandates made by Mexican authorities that companies that do not carry out essential activities must suspend business operations in order to combat and eradicate the existence and transmission of coronavirus disease 2019. A United States government agency is administering the construction of a major water infrastructure project that relies on steel pressure pipe being produced at the SLRC plant. The Company is currently working with that agency to make appeals to State and Federal authorities in Mexico to ensure they consider the importance of this project. The Company’s goal is to convince the Mexican authorities that the Company’s manufacturing i Show less Read more
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