Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) has secured a significant contract in Qatar, marking its first project in the country since announcing its expansion plans there. The $2.4 million project will leverage Perma-Pipe's expertise in fabrication and utilize the XTRU-THERM® insulation system, featuring a spray-applied polyurethane foam with a high-density polyethylene casing. This development is a milestone in Perma-Pipe's strategic growth in the region, as highlighted by CEO David Mansfield, who emphasized the project's role in strengthening the company's market position. Operations will commence from a temporary facility in Doha, with plans underway for a permanent base to support future regional activities. This expansion aligns with Perma-Pipe's broader goals of growth and local investment, facilitating their work in the Middle East and Southeast Asia.
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