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.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) has announced new large capacity production lines in its subsidiaries located in Fujairah, UAE, and Gandhidham, India. These lines, known as “FAB-COAT,” enhance their existing custom coating capabilities for piping materials in the oil, gas, and water transmission industries. The new facilities can apply various anti-corrosion coatings and have already secured sizable orders. CEO David Mansfield emphasized the growth potential in the MENA region and the immediate returns from this investment.
Perma-Pipe International Holdings (Nasdaq: PPIH) announced a $5.1 million contract awarded to its subsidiary Perma-Pipe Saudi Arabia by Nesma & Partners for thermally insulated pipe and field joints in a district cooling network project for Umm Al Qura. This contract is part of $5.7 million in total contracts awarded in Q3 2020. The project will utilize Perma-Pipe’s POLY-THERM® insulation system and will commence in Q4 2020 in Dammam, Saudi Arabia. The initiative aims to enhance transport efficiency and services in Makkah, reinforcing Perma-Pipe's commitment to partnerships in major projects.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) announced that its subsidiary, Perma-Pipe Egypt, secured contracts valued at approximately $6.0 million from China State Construction Engineering Company (CSCEC). The contracts involve providing thermally insulated pipe, field joints, and leak detection systems for a district cooling network managed by the New Urban Communities Authority (NUCA) in Egypt's New Administrative Capital. The project will implement Perma-Pipe's XTRU-THERM® insulation system and the PermAlert® leak detection system, beginning in Q4 2020.