Perma-Pipe Agrees to Form Coating Joint Venture With Welspun in India
Bitget2026/11/03 17:19- Perma-Pipe subsidiary Perma-Pipe Qatar agreed to acquire a 51% stake in Welspun Special Coating for an Indian coating joint venture.
- Welspun Corp will acquire the remaining 49%; both stakes will be purchased from its wholly owned subsidiary Welspun DI Pipes.
- The venture will add internal fusion-bonded epoxy coating services, creating a platform to pursue domestic and export opportunities in India.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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