Perma-Pipe Announces $8.5M in Contract Awards in India & Saudi Arabia

Source: 9/7/2023, Location: Asia

PERMA-PIPE International Holdings, Inc. (Nasdaq: PPIH) today announces the award of contracts with a combined value of $8.5 million in India and the Kingdom of Saudi Arabia. The contracts are for the XTRU-THERM® product. Both projects are scheduled to be delivered by the end of Q4 2023.

Saleh Sagr, Senior Vice President for PERMA-PIPE’s MENA region, commented: ”We are thrilled to maintain our market position as the leading provider of preinsulated piping technology for district cooling market in Saudi Arabia. We are also pleased to have another opportunity to demonstrate our capabilities to Cairn Energy in the oil and gas market.”

David Mansfield, President, and CEO, stated: “Providing excellence in engineered pipe services in a variety of industries, is what we do well. It is reassuring to see that the market is meeting our expectations.”

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