Perma-Pipe Worldwide Holdings, Inc. introduced it has acquired a proper letter of award for a growth undertaking situated within the GCC area. Perma-Pipe will present thermal insulation, anti-corrosion coatings, and different companies from its Abu Dhabi facility. Undertaking graduation is predicted to start within the third quarter of 2025. The worth of this undertaking is estimated to exceed $43 million.
This undertaking 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 wish to thank our prospects for this vital award.”
“This award supplies proof that our applied sciences are well-positioned to satisfy the complicated necessities in nearly all geographies as we proceed our give attention to extremely energetic oil & gasoline markets worldwide,” added David Mansfield, President and CEO of Perma-Pipe. “This undertaking continues a rise in large-scale undertaking exercise we’re seeing globally and, when coupled with different just lately introduced undertaking awards, additional strengthens our document backlog place heading into 2025.”
