Perma-Pipe Secures $15 Million in Contracts Across Americas and Middle East

On November 7, 2024, Perma-Pipe International Holdings, Inc. announced new project awards totaling $6 million in the MENA region and $9 million in the Americas, further solidifying the company’s ongoing growth and success in both markets. These awards involve the use of Perma-Pipe's advanced anti-corrosion coatings and the XTRU-THERM® insulation system, which consists of a spray-applied polyurethane foam jacketed in high-density polyethylene. These new contracts will complement the company's expanding project backlog, which has seen a substantial increase from $75 million as of July 31, 2024, to now surpassing $100 million.

Marc Huber, Senior Vice President of Perma-Pipe’s Americas region, commented on the significance of these new awards, saying, “We are excited about these new projects, which demonstrate the strength of the Americas market and the continued growth of our business in the USA and Canada.” This positive momentum in North America highlights Perma-Pipe’s increasing market presence and customer demand for its high-performance products and services.

Saleh Sagr, Senior Vice President for the MENA region, noted that the new contracts are primarily focused on district energy infrastructure projects within the Gulf Cooperation Council (GCC) region. He emphasized that these awards reinforce Perma-Pipe's dominant market position in the area and provide a valuable opportunity to showcase its leading-edge technologies and solutions to new clients. The GCC region’s emphasis on sustainable energy infrastructure aligns well with Perma-Pipe’s expertise in providing long-lasting, high-quality insulation and anti-corrosion systems.

David Mansfield, President and CEO of Perma-Pipe, stated, “The growth we are experiencing in all regions is a direct result of our strategic efforts, and we are proud to see this come to fruition. These awards not only bolster our position in existing markets but also pave the way for further expansion.” Mansfield highlighted that the company’s overall strategy of targeting regional growth is paying off, allowing Perma-Pipe to strengthen its leadership in the industry.

With its expanding backlog and continued success in securing large-scale projects, Perma-Pipe is poised for sustained growth and further consolidation of its market-leading position in the global infrastructure sector.

Perma-Pipe International Holdings, Inc. is a global leader in pre-insulated piping and leak detection systems, serving industries such as oil and gas, district heating and cooling, and more. The company leverages its engineering and fabrication expertise to create innovative piping solutions for the safe and efficient transport of various liquids. With operations spanning 15 locations across six countries, Perma-Pipe is committed to addressing complex challenges in liquid transportation while ensuring reliability and performance in diverse applications.