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Perma-Pipe and Welspun Announce Memorandum of Understanding to Establish Pipe Manufacturing and Coating Facilities in Jordan

PPIH
  • Perma-Pipe International Holdings, Inc. & Welspun Corp Limited signed an MOU with the Government of Jordan & developers of the National Water Carrier Project to establish a joint venture for pipe manufacturing & coating facilities in Jordan.
  • The proposed integrated platform will combine Welspun's large-diameter steel pipe manufacturing capabilities with Perma-Pipe's anti-corrosion coating systems & engineered piping expertise.
  • The joint venture aims to serve major water, oil & gas, energy, & infrastructure projects in Jordan & across the Levant region.
  • Next steps involve technical, commercial, financing, & regulatory discussions to finalize facility design, capacity, & project timelines before definitive agreements are executed.
  • The strategic hub is intended to strengthen regional supply chains, create local value, & develop skilled technical capabilities in Jordan.
  • The facility is expected to support infrastructure reconstruction in Syria, Lebanon, Iraq, & Gaza, & potential rerouting of oil & gas infrastructure toward the Port of Aqaba.
  • The project directly supports Jordan's National Water Carrier Project, which transports desalinated water from the Gulf of Aqaba to address national water security challenges.
  • Company leaders stated the partnership aligns with global expansion strategies & aims to improve customer responsiveness & supply-chain resilience.
  • The Jordanian Government welcomed the investment as a means to enhance national manufacturing capabilities & support critical water infrastructure development.
  • Forward-looking statements in the release are subject to risks including geopolitical instability, commodity price fluctuations, & regulatory changes.