Insituform Technologies, LLC - a unit of
) - has secured a sewer rehabilitation contract worth $10.7
million from the Los Angeles County Sanitation Districts (LACSD).
As per the contract, Insituform will provide rehabilitation work
with Cured-in-Place Pipe (CIPP) technology throughout the city.
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Insituform, a global leader in the development and installation
of proprietary technologies and services for rehabilitating
sewer, water and other underground piping systems, will use its
CIPP technology to perform the wastewater pipeline
Insituform will install CIPP in around 9,000 feet of severely
corroded reinforced concrete wastewater pipe. The project entails
fixing of wastewater pipelines ranging from 57-66 inches in
diameter in most of the industrial business areas in Torrance and
With prior experience of working with LACSD, Insituform will face
challenges regarding the deployment of CIPP technology as it will
have to remove contaminated waste before installation. However,
its skilled team and crews are expected to meet the challenges.
The project also includes the execution of a range of contract
services including construction of junction structures and
manholes as well as other related infrastructure rehabilitation.
The project is expected to begin next year in January and will be
completed by September.
Aegion, which belongs to the building and construction industry
Armstrong World Industries, Inc.
), has won an additional contract from the Metropolitan St. Louis
Sewer District (MSD), worth around $6.7 million. The project
entails fixing wastewater pipelines of 8-60 inches diameter
throughout the city.
Chesterfield, MO-based Aegion is a diversified building and
construction company which provides infrastructure protection,
proprietary technologies and services. It also offers services
related to the rehabilitation and improvement of sewer, water,
energy and mining piping systems.
Aegion currently carries a Zacks Rank #4 (Sell).
Other stocks in the same industry with favorable Zacks rank
CaesarStone Sdot-Yam Ltd.
) with a Zacks Rank #1 (Strong Buy) and
) with a Zacks Rank #2 (Buy).