Business
Perma-Pipe International Holdings, Inc., announces opening of a new state-of-the-art insulation facility in Canada
SPRING, Texas--(BUSINESS WIRE)-- Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is pleased to announce the opening of its second pipe insulating
About this update from Perma-pipe International Holdings, Inc.
[{"type":"text","content":" SPRING, Texas--(BUSINESS WIRE)--\nPerma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is pleased to announce the opening of its second pipe insulating facility in Canada. Strategically located outside of Ottawa, Ontario the new plant will focus primarily on serving the Ontario, Quebec, and Atlantic Canada markets. With the support of our existing plant in Camrose, Alberta, Perma-Pipe is well positioned to provide our valued customers across Canada with top-quality insulation systems.\n\n\nThe new 37,000 square foot facility sits on three acres and is equipped with state-of-the-art pipe insulating technology that will significantly increase the Company’s production capacity. The plant can produce a diverse range of pipe insulating products for pipe sizes ranging from three quarters of an inch to thirty inches. Further, the plant has been designed to seamlessly apply insulating foam and protective polyethylene outer jackets in a wide range of thickness to meet unique customer specifications.\n\n\nDave Mansfield, President and CEO at Perma-Pipe stated, “This facility is a major investment for Perma-Pipe, and we are proud to contribute to Ottawa’s local economy by creating job opportunities through this strategic expansion. Additionally, we are excited to bring our industry-leading services and products closer to current and prospective customers in Eastern Canada, ensuring they have access to the highest quality pipe insulation solutions.”\n\n\nPerma-Pipe International Holdings, Inc.\n\n\nPerma-Pipe International Holdings, Inc. (Nasdaq: PPIH, “Perma-Pipe”, or the “Company”) is a global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at fifteen locations in six countries.\n\n\nForward-Looking Statements\n\n\nCertain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, ...