Perma-Pipe International Holdings has been awarded several projects in the Americas and MENA region with an aggregate value in excess of USD $27 million.
These projects will utilise Perma-Pipe’s anti-corrosion coating capabilities, and the XTRU-THERM insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.
There are multiple deals for the provision of anticorrosion coating services for the oil and gas markets in Western Canada and the U.A.E.
There are also deals for the provision of double-containment and pre-insulated piping solutions for data centre and industrial expansion projects in the US. and Saudi Arabia.
Marc Huber, senior vice president of Perma-Pipe’s Americas region said demand is being fueled by market growth in data centres, rising investments in pharmaceuticals and industrial sectors, and the expansion of midstream energy projects.
Earlier in the week Perma-Pipe International Holdings CEO David Mansfield announced his retirement after eight years in the position.
He will be replaced by Saleh Sagr, who has most recently served as the company’s senior vice president for the MENA region since 2021.
Mansfield’s decision to retire follows a highly successful tenure as CEO, during which the company experienced significant prosperity, with notable improvements in both profitability and share price.
He also established a culture of excellence that has propelled the company to new heights, ensuring it is well-positioned for long-term success.
As part of Sagr’s appointment as president, the company has also appointed Adham Samir Sharkawy to succeed Sagr as senior vice president of MENA.
Commenting on the project wins, the company’s new president & CEO, Saleh Sagr, said the consistent influx of new awards and expanding backlog clearly demonstrates the trust its clients have in their products and services.
“Our strategic product diversification and geographical expansion have been vital in driving this growth, opening new markets, and ensuring our continued success,” Sagr said.