Perma-Pipe Worldwide Holdings, Inc. introduced it has obtained a proper letter of award for a growth venture positioned within the GCC area. Perma-Pipe will present thermal insulation, anti-corrosion coatings, and different companies from its Abu Dhabi facility. Undertaking graduation is anticipated to start within the third quarter of 2025. The worth of this venture is estimated to exceed $43 million.
This venture will make the most of Perma-Pipe’s anti-corrosion coatings capabilities, fabrication, and the TRACE-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.
“This award follows the profitable execution of quite a few growth initiatives within the area,” mentioned Saleh Sagr, Sr. Vice President for Perma-Pipe’s MENA area. “Our differentiated coating options have confirmed to be well-suited for technically difficult initiatives. We want to thank our prospects for this vital award.”
“This award offers proof that our applied sciences are well-positioned to satisfy the complicated necessities in just about all geographies as we proceed our deal with extremely lively oil & gasoline markets worldwide,” added David Mansfield, President and CEO of Perma-Pipe. “This venture continues a rise in large-scale venture exercise we’re seeing globally and, when coupled with different lately introduced venture awards, additional strengthens our file backlog place heading into 2025.”
