Perma-Pipe Expands Coating Capabilities in India Through Majority-Owned Joint Venture with Welspun
THE WOODLANDS, Texas–(BUSINESS WIRE)–Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), a global leader in engineered piping and corrosion protection solutions, today announced that its subsidiary, Perma-Pipe Qatar, has agreed to acquire a 51% equity interest in Welspun Special Coating Private Limited (“WSCPL”), a newly formed company that will provide internal fusion-bonded epoxy (“IFBE”) coating and related services in India. The interest is being acquired from Welspun DI Pipes Limited