Perma-Pipe to Open New Facility in U.S. Northeast for AI Data Centers by Q2 2026

Perma-Pipe International Holdings, Inc. has announced plans to open a new facility in the U.S. Northeast by Q2 2026, focusing on the AI data center market and district heating and cooling sector. The company will pursue a global banking agreement to support its growth investments while maintaining operational stability in the Middle East and North Africa despite regional conflicts. The board has decided to remain an independent public company to enhance shareholder value following a strategic alternatives review.

Published Mar 20, 2026

Perma-Pipe International Holdings, Inc. announced plans for a new facility in the U.S. Northeast, targeting the AI data center market and district heating and cooling sector, with operations expected to start in Q2 2026.

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The company intends to secure a global banking agreement to support growth investments. Its Middle East and North Africa operations are unaffected by regional conflicts, maintaining operational stability through business continuity plans. The board of directors concluded a strategic alternatives review, opting to continue as an independent public company to maximize shareholder value.