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Perma-Pipe International Holdings Announces Contract Awards in Excess of $23 Million

By District Energy posted 09-07-2023 12:38


Yahoo! Finance


PERMA-PIPE International Holdings, Inc., (Nasdaq: PPIH) today announces the award of contracts with a combined value of $23.5 million in the United Arab Emirates and Egypt. The contracts are for custom coatings in the oil & gas sector as well as the XTRU-THERM® product in the district heating and cooling sector.

Saleh Sagr, Senior Vice President for PERMA-PIPE’s MENA region, comments, "I am delighted to announce these project awards. In Egypt, it is further confirmation of the success of our strategy to establish a position in a growing local market. In the UAE, the project award confirms our leading market position and provides us the opportunity to demonstrate our industry-leading products and services to a new customer."

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