Perma-Pipe International Lands $43 Million Contract in the Middle East
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) has recently made headlines after securing a lucrative contract worth over $43 million in the GCC region. The company, based in Spring, Texas, is set to embark on a significant development project that will showcase its expertise in thermal insulation, anti-corrosion coatings, and more. This groundbreaking initiative is scheduled to kick off in the third quarter of 2025, promising substantial growth and innovation in the industry.
Delving into the Details
Perma-Pipe’s latest endeavor will draw upon its advanced anti-corrosion coatings capabilities, top-notch fabrication techniques, and the revolutionary TRACE-THERM® insulation system. This cutting-edge solution involves a spray-applied polyurethane foam encased in high-density polyethylene, ensuring unparalleled efficiency and durability in challenging environments. With a strong track record of successful projects in the region, Perma-Pipe is well-equipped to deliver exceptional results once again.
Saleh Sagr, Senior Vice President for Perma-Pipe’s MENA region, expressed his gratitude for this prestigious award, emphasizing the company’s commitment to excellence and innovation. Likewise, David Mansfield, President and CEO of Perma-Pipe, highlighted the significance of this contract in bolstering the company’s global presence and reinforcing its position in the competitive oil & gas markets worldwide. This achievement reflects Perma-Pipe’s unwavering dedication to quality, reliability, and customer satisfaction.
About Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) stands out as a leading global provider of pre-insulated piping and leak detection systems for various industries, including oil and gas, district heating, and cooling applications. With a strong emphasis on engineering excellence and customized solutions, Perma-Pipe caters to the diverse needs of its clients across different geographies. Operating in fifteen locations spanning six countries, the company is renowned for its commitment to innovation, sustainability, and operational excellence.
Looking Ahead: A Bright Future for Perma-Pipe
As Perma-Pipe gears up to commence its latest project in the Middle East, the company is poised for continued success and growth on a global scale. By leveraging its core strengths in technology, expertise, and customer-centric approach, Perma-Pipe is well-positioned to navigate the complexities of the industry and deliver exceptional value to its stakeholders. This milestone contract reaffirms Perma-Pipe’s reputation as a trusted partner for cutting-edge solutions and underscores its unwavering commitment to excellence in every endeavor.
In a world where innovation and sustainability are paramount, Perma-Pipe International Holdings, Inc. stands out as a beacon of progress and ingenuity. With a firm commitment to quality, reliability, and customer satisfaction, Perma-Pipe continues to set new benchmarks in the industry and pave the way for a brighter, more sustainable future for all.
