Perma-Pipe Worldwide Holdings has landed a big $27 million+ haul of recent contracts spanning the Americas and the Center East and North Africa (MENA) area, indicating sturdy demand for specialised pipeline options, the corporate stated.
The contracts embody Perma-Pipe’s anti-corrosion know-how and high-performance XTRU-THERM insulation system, a spray-applied polyurethane foam jacketed in a rugged high-density polyethylene casing.
The corporate stated in a press launch it has secured a number of awards to supply anticorrosion coating providers for the oil and gasoline markets in Western Canada and the UAE. In the USA and Saudi Arabia, Perma-Pipe will ship double-containment and pre-insulated piping options for information middle and industrial growth initiatives underneath a number of contracts.
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“These main venture awards replicate the growing demand for Perma-Pipe’s options. This demand is being fueled by market development in information facilities, rising investments in prescribed drugs and industrial sectors, and the growth of midstream vitality initiatives”, Marc Huber, Senior Vice President of Perma-Pipe’s Americas area, acknowledged.
“Our strategic product diversification and geographical growth have been important in driving this development, opening new markets, and making certain our continued success”, Saleh Sagr, President, added.
“We’re enthusiastic about these new awards, as they mark key milestones for the Firm and additional complement an already robust backlog place for the approaching yr”, David Mansfield, CEO, commented. “These initiatives not solely showcase the energy of our options but in addition play a strategic function in advancing our place throughout the market”.
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