) declared that its unit, Insituform Technologies, LLC, has
received a three-year term contract from the City of Dallas,
Tex., worth around $5.6 million. As per the contract, Insituform
will provide a high-quality rehabilitation solution throughout
the City of Dallas from Jan 2013 to Dec 2015.
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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
Cured-in-Place Pipe (CIPP) technology to perform the wastewater
Insituform will execute crucial functions supporting the
installation of CIPP with the help of some minority and woman
owned businesses. The company's management and operations teams
will work together to fulfill the requirements of the agreement.
Insituform, which has prior experience of working with the City
of Dallas, was recently awarded a contract from the Metropolitan
District to install over 10 miles of CIPP in small and medium
diameter wastewater pipelines. Insituform has already received
more than $30 million in CIPP contracts and has installed around
140 miles of wastewater pipelines in the region.
Chesterfield, Mo.-based Aegion is a diversified building and
construction company which provides infrastructure protection,
proprietary technologies and services. Aegion also offers
services related to the rehabilitation and improvement of sewer,
water, energy and mining piping systems.
Aegion lowered its first-quarter 2013 earnings per share guidance
to the range of 4 cents to 8 cents, citing project delays due to
adverse weather conditions as well as postponement of several
contracts. However, the company reaffirmed its full-year 2013
guidance of $1.60 to $1.80 per share.
Aegion currently retains a Zacks Rank #3 (Hold).
James Hardie Industries plc
Trex Co. Inc.
) also belong to the building and construction industry. Each of
them holds a Zacks Rank #2 (Buy).