Amid expansions, Northwest Pipe mulls cuts
Mar 15, 2013 | 03:23 PM
| Thorsten Schier
NEW YORK Northwest Pipe Co. is mulling production cuts in its tubular segment due to compressed margins, even as the company continues to boost capacity.
"We took some short-term production reductions in the third and fourth quarters (of 2012) to help control inventories and will consider additional reductions as we react to further changes in the market," president and chief executive officer Scott Montross said during a conference call.
The possible cuts are the result of tough market conditions in the tubular segment. "In tubular products, we expect to see compressed margins for the foreseeable future as imports have had a negative impact on both volume and margins," Montross said.....
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