Welspun Corp, Perma-Pipe Sign Jordan Pipe Facility MOU

Welspun Corp Limited and Perma-Pipe International Holdings, Inc. have signed a Memorandum of Understanding (MOU) with developers of Jordan's National Water Carrier Project and the Government of Jordan. The agreement aims to establish integrated pipe manufacturing and advanced coating facilities in Jordan. This joint venture will leverage Welspun's large-diameter steel pipe manufacturing expertise and Perma-Pipe's anti-corrosion coating systems. The facility is intended to serve water, oil & gas, energy, and infrastructure projects in Jordan and the wider Levant region, potentially expanding to support reconstruction efforts in neighboring countries. Further details on investment, ownership, and timeline will be announced upon completion of definitive agreements.