Perma-Pipe International Accepted Into QatarEnergy's Tawteen Program
Portfolio Pulse from Benzinga Newsdesk
Perma-Pipe International (PPIH) has been accepted into QatarEnergy's Tawteen Program, which focuses on supply chain localization for Qatar's energy sector. PPIH will provide pre-insulated piping systems, custom fabrication, and 3-layer polyethylene coatings for QatarEnergy projects.
January 04, 2024 | 6:40 am
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Perma-Pipe International's acceptance into the Tawteen Program could lead to increased business opportunities and revenue growth from QatarEnergy projects.
Being accepted into the Tawteen Program is a significant development for PPIH, as it opens up direct opportunities for contracts and revenue in the energy sector in Qatar. The program's focus on supply chain localization suggests a long-term commitment to regional suppliers, which could benefit PPIH in terms of sustained business. The news is likely to be viewed positively by investors, potentially leading to a short-term increase in PPIH's stock price.
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