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Perma-Pipe International Holdings, Inc. (symbol: PPIH) is a leading provider in the specialized field of containment piping systems. As a subsidiary of MFRI, the company has carved a niche in engineering, manufacturing, and selling complex piping systems that cater to a diverse array of industries including chemical, oil, gas, and energy distribution sectors.
With three strategic locations in Fujairah, UAE; New Iberia, LA; and Lebanon, TN, Perma-Pipe ensures a global reach, serving markets in the United States, Canada, Middle East, Europe, India, and other regions.
The company’s core offerings include
- Insulated and jacketed district heating and cooling piping systems,
- Primary and secondary containment piping systems for transporting hazardous fluids, chemicals, and petroleum products,
- Coating and insulation of oil and gas pipelines.
Their advanced leak detection systems are highly regarded for ensuring safety and efficiency. Perma-Pipe takes pride in its end-to-end solutions, from engineering design to manufacturing and installation services.
Recent achievements and projects highlight Perma-Pipe's commitment to innovation and quality. The company has been involved in significant installations for energy distribution networks and has strengthened its portfolio with state-of-the-art engineering services. Financially, Perma-Pipe has shown resilience and growth, ensuring stable returns for its investors.
By continually forging strategic partnerships and expanding its pipeline products, Perma-Pipe remains at the forefront of the industry, dedicated to delivering sustainable and reliable solutions.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) has secured two significant contracts totaling over US$8 million. The first contract involves providing insulated piping for a thermal distribution system at Fanshawe College in London, Ontario, Canada. This piping will utilize the XTRU-THERM® system. The second contract, awarded to Perma-Pipe Middle East LLC, comes from China Petroleum & Chemical Corporation (Sinopec) for a project in Uganda, part of the East African Crude Oil Pipeline (EACOP), expected to begin in Q3 2023 at their new facility in Abu Dhabi, UAE. These contracts highlight Perma-Pipe's continued expansion in key markets, showcasing their innovative insulation solutions.
Perma-Pipe International Holdings announced that its subsidiary, Perma-Pipe India, secured contracts worth approximately $6.5 million in Q1 2023. The projects include thermally insulated pipe provision for Reliance New Solar Energy's chilled water network for a solar factory in Jamnagar, Gujarat, utilizing the XTRU-THERM® insulation system. Additionally, Megha Engineering awarded Perma-Pipe India for heat-traced applications in Rajasthan using the TRACE-THERM™ insulation system. Sr. VP Saleh Sagr expressed optimism about repeat business and opportunities in India. CEO David Mansfield highlighted the success of the custom coating plant in India and reiterated customer trust in Perma-Pipe's delivery capabilities. The company operates in 14 locations across six countries, focusing on efficient transportation solutions for various liquids.
Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) is expanding operations to Qatar with mobilization expected to begin this year. This move is part of a strategic plan to tap into local district heating, cooling markets, and significant developments in the oil and gas sector. CEO David Mansfield highlighted this as part of broader initiatives, including expansions into Egypt, relocation of its U.A.E. plant to Abu Dhabi, and a joint venture in Saudi Arabia. Perma-Pipe is a leader in pre-insulated piping and leak detection systems, operating in 14 locations across six countries.
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