Insituform Technologies, Inc.
News and overview for Insituform Technologies, Inc.
Insituform Technologies, Inc. Reports Third Quarter 2009 Results: [Press Release]
Business Wire | 28 days 4 hours 27 minutes ago
Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU):
United Pipeline de Mexico Awarded Additional Pemex Pipeline Project Valued at $13.9 Million [Press Release]
Business Wire | 40 days 10 hours 13 minutes ago
Insituform Technologies, Inc. (NASDAQ Global Select Market: INSU) announced today that the Mexican national oil and gas company Petróleos Mexicanos (“Pemex”) has awarded an additional $13.9 million contract to United Pipeline de Mexico, S.A. de C.V. (“UPM”), Insituform’s Mexican joint venture. This contract complements Insituform’s award of a $12.4 million pipeline project for Pemex which was announced in September 2009.
Bayou Companies Completes Acquisition of Pipe Coating and Insulation Facility Located in Western Canada [Press Release]
Business Wire | 22 days 3 hours 51 minutes ago
The Bayou Companies, Inc. (“Bayou”), a subsidiary of Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU), announced today the completion of its $12.25 million (CAN) acquisition of Garneau, Inc’s pipe coating and insulation facility and associated assets located in Camrose, Alberta Canada. The acquisition was effected through Bayou Perma-Pipe Canada, Ltd. (“BPPC”), a joint venture between Bayou and Perma-Pipe, Inc. (“Perma-Pipe”), and will serve as the operating company for Bayou...
MFRI Announces Joint Acquisition of Pipe Coating and Insulating Facility in Camrose, Alberta, Canada [Press Release]
Business Wire | 43 days 11 hours 34 minutes ago
MFRI, Inc. (NASDAQ: MFRI) Today, MFRI announced the formation of a new joint venture, Bayou Perma-Pipe Canada Ltd., a partnership between the Bayou Companies, Inc., (a subsidiary of Insituform Technologies, Inc., NASDAQ: INSU) and Perma-Pipe, Inc., (a subsidiary of MFRI, Inc.). Bayou Perma-Pipe Canada Ltd. has reached an agreement with Garneau, Inc. to acquire Garneau’s Camrose pipe coating and insulating facilities in Alberta, Canada for $12.25M (CAN). The transaction is subject to approval ...
MFRI Completes Joint Acquisition of Pipe Coating and Insulating Facility in Camrose, Alberta, Canada [Press Release]
Business Wire | 21 days 3 hours 4 minutes ago
MFRI, Inc. (NASDAQ – MFRI) Today, MFRI announced that its Perma-Pipe, Inc. (Perma-Pipe), subsidiary together with The Bayou Companies, Inc., (Bayou), have completed the $12.25 million (CAN) acquisition of Garneau, Inc’s pipe coating and insulation facility and associated assets located in Camrose, Alberta Canada. The acquisition was effected through Bayou Perma-Pipe Canada, Ltd. (“BPPC”), a new joint venture company between Perma-Pipe, Inc. and Bayou. Bayou is a subsidiary of Insituform Techn...
Pemex Awards United Pipeline de Mexico $12.4 Million Pipeline Project
Trenchless Technology | 33 days 13 hours 24 minutes ago
Oct 01, 2009 Insituform Technologies Inc. recently announced that Insituform's Mexican joint venture, United Pipeline de Mexico de C.V. (UPM), has been awarded a $12.4 million contract by the Mexican national oil and gas company Petr leos Mexicanos (Pemex). The contract includes the construction, replacement and rehabilitation of approximately 40 km of pipelines in Mexico's Chicontepec oil region. Insituform's subsidiaries, Corrpro Companies Inc. and The Bayou Co. Inc., will...
Philadelphia Awards Insituform Contract to Rehab Sewer Pipes
Trenchless Technology | 33 days 13 hours 24 minutes ago
Oct 01, 2009 The Philadelphia Water Department (PWD) recently awarded Insituform Technologies Inc. a $6 million contract to rehabilitate approximately 10,000 ft of sanitary sewer pipes that run beneath the urban meadows of one of Philadelphia's largest parks. The project will rehabilitate 12- to 60-in. diameter sanitary sewers that primarily lie underneath Tacony Creek Park, which includes 302 acres of meadows, wetlands, green space and 2.5 miles of creekside trails inside t...
US HOT STOCKS: First Solar, Symantec Active In Late Trading
Wall Street Journal, The | 27 days 4 hours 47 minutes ago
U.S. stocks traded lower Wednesday, as the Dow Jones Industrial Average fell 1.2% to 9763, the S&P 500 lost 2% to 1043 and the Nasdaq Composite dropped 2.7% to 2060. Among the companies whose shares are actively trading in the after-hours session are First Solar Inc. (FSLR), Symantec Corp. (SYMC) and Lincoln National Corp. (LNC).
US HOT STOCKS: Apollo, Goodyear, Massey, Ashland, Harris
Wall Street Journal, The | 27 days 7 hours 46 minutes ago
U.S. stocks traded lower Wednesday, as the Dow Jones Industrial Average fell 55 points to 9827, the S&P 500 lost 12 points to 1051 and the Nasdaq Composite dropped 37 points to 2078. Among the companies whose shares are actively trading in the session are Apollo Group Inc. (APOL), Goodyear Tire & Rubber Co. (GT) and Massey Energy Co. (MEE).
US HOT STOCKS: Apollo, Goodyear Tire, Massey Energy, Harris
Wall Street Journal, The | 27 days 9 hours 38 minutes ago
U.S. stocks traded lower Wednesday, as the Dow Jones Industrial Average fell 43 points to 9837, the S&P 500 lost 11 points to 1052 and the Nasdaq Composite dropped 34 points to 2082. Among the companies whose shares are actively trading in the session are Apollo Group Inc. (APOL), Goodyear Tire & Rubber Co (GT) and Massey Energy Co. (MEE).
Family, Strangers Pay Tribute To Man Fatally Injured By SUV
Hartford Courant (Conn.), The | 17 days 10 hours 1 minute ago
As police continue their investigation into the accident that claimed the life of a construction worker on Asylum Avenue, a reminder of the life lost sits on a lawn near the spot where Robert J. Sivage was fatally injured.
Rehabilitation Honorable Mentions
Trenchless Technology | 33 days 13 hours 24 minutes ago
Oct 01, 2009 Madison Avenue Water Main Rehabilitation In conjunction with crews from Halcyon Construction Corp., Insituform has been working in the heart of the Big Apple to renew 10,000 ft of a 48-in. Madison Avenue water main since July 2008. With a documented history of pipe failure, rehabilitation of the 150-year-old cast-iron water main, stretching from 40th Street to 75th Street, will be completed by fall 2009. To date, more than 5,200 ft of water main has been renewed ...
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Company Overview
| Company: | Insituform Technologies, Inc. |
|---|---|
| Industry: | Commercial & Heavy Construction |
| Website: | http://www.insituform.com |
Under many a city lurks a decaying infrastructure, and that's what Insituform Technologies takes care of "in situ". The company provides trenchless technologies for rehabilitating sewers, water mains, and industrial pipes, serving municipalities and industrial plants worldwide. Its Insituform CIPP ("cured-in-place pipe") process, the company's largest revenue source, involves installing a custom-manufactured tube or liner that forms a leakproof "pipe within a pipe." The company's Tite Liner process is used to line steel pipe with corrosion-resistant polyethylene pipe. Other rehabilitation processes include the use of thermofusing resin and composite and polyethylene liners.
Key Numbers
| Sales in U.S. Dollars (mil.) | 536.7 (2008) |
|---|---|
| One-year % Growth in Sales | 8.3 (2008) |
| Net Income in U.S. Dollars (mil.) | 21.6 (2008) |
| One-year % Growth in Net Income | 751.0 (2008) |
| Number of Employees | 1,550 (2008) |
| One-year % Growth in Number of Employees | -3.1 (2008) |
| Fiscal Year-End | December |