Welcome to our dedicated page for Perma Pipe news (Ticker: PPIH), a resource for investors and traders seeking the latest updates and insights on Perma Pipe stock.
Perma-Pipe International Holdings, Inc. reports developments in engineered pre-insulated piping, leak detection, and containment systems for infrastructure, energy, industrial, and data center applications. Company news commonly covers project awards, backlog trends, quarterly results, and demand across North America and the Middle East and North Africa region.
Updates also address district heating and cooling projects, pipeline coating and insulation work, localized manufacturing capacity, new facility investments, and board composition. The company's announcements connect its engineered piping systems to energy distribution, mission-critical cooling, chemical and petroleum transport, and environmental protection applications.
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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.