Perma-Pipe

Perma-Pipe International Holdings, Inc. (formerly MFRI Inc. or Midwesco Filter Resources Inc.) (Nasdaq: PPIH) is a global company providing piping systems, filtration products and cooling equipment. It operates its business through three segments including Piping System segment, Filtration Product segment and Industrial Process Cooling segments.[2][3] The company owns some intellectual properties including three registered trademarks: Thermal Care, AWS and Applied Web Systems.[4]

Perma-Pipe International Holdings, Inc.
(formerly MFRI Inc. or Midwesco Filter Resources Inc.)
TypePublic
Nasdaq: PPIH
Industryindustrial systems & equipment
Founded1989
HeadquartersNiles, Illinois,
United States
Revenue$253.34 million (As of 2013)[1]
Number of employees
1,212
Websitewww.permapipe.com

Background

The company was incorporated in 1993 and is based in Niles, Illinois.[5][6] The company’s products are widely used in piping system, filtration and industrial process cooling. It runs the business of the setup of heating, ventilation and air conditioning systems although the business is not big enough to form a segment.[7] Process Cooling segment is engaged in providing cooling and temperature control equipment for industrial applications.[8] The products of the company are sold to the manufacturers and suppliers in industry. As of February 2013, there are about 1,212 employees working for the company worldwide.[4] The company changed its named from MFRI to Perma-Pipe in 2017.[9] [10]

In 2019, the company announced plans to build a plant in Egypt. [11][12]

The company received approval to open a new plant in Abu Dhabi in March 2023.[13]

References
  1. "MFRI Key Statistics | MFRI Inc. Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-05.
  2. "MFRI: Summary for MFRI, Inc- Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-05.
  3. "MFRI Inc: NASDAQ:MFRI quotes & news". Retrieved 2014-03-05.
  4. "MFRI stock quote - MFRI, Inc. stock price". Secfillings.nasdaq.com. Retrieved 2014-03-05.
  5. "Perma-Pipe sells, leases back Tennessee facility". Daily Herald. 2021-04-19. Retrieved 2023-03-28.
  6. "Perma-Pipe earnings up as construction resumes". Daily Herald. 2022-04-20. Retrieved 2023-03-28.
  7. "MFRI Inc. Reuters". Reuters.com. Archived from the original on 2014-03-05. Retrieved 2014-03-05.
  8. "MFRI Inc. Marketwatch". Marketwatch.com. Retrieved 2014-03-05.
  9. "MFRI to rename, rebrand under Perma-Pipe brand". Daily Herald. 2017-02-03. Retrieved 2023-03-28.
  10. "MFRI Announces Name Change to Perma-Pipe International Holdings, Inc" (Press release). Perma-Pipe International Holdings. GlobeNewswire. March 20, 2017.
  11. "Perma-Pipe to establish new facility in Egypt". Daily Herald. 2019-06-04. Retrieved 2023-03-28.
  12. "Perma-Pipe, Inc., Subsidiary of MFRI, Inc., Announces New Manufacturing Plant in Saudi Arabia." Middle East and North Africa Business Report, 20 May 2010. Gale OneFile: News, link.gale.com/apps/doc/A226824580/STND?u=tplmain&sid=bookmark-STND&xid=84a11b39. Accessed 28 Mar. 2023.
  13. "Perma-Pipe International Holdings Inc. Announces New Plant In Abu Dhabi". kalkinemedia.com. Retrieved 2023-03-25.
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