Harland & Wolff Group Holdings PLC Arnish Contract Award
19 Octobre 2021 - 8:00AM
RNS Non-Regulatory
TIDMHARL
Harland & Wolff Group Holdings PLC
19 October 2021
Reach
19 October 2021
Harland & Wolff Group Holdings plc
("Harland" or the "Company")
Harland & Wolff (Arnish) News Update
Harland & Wolff Group Holdings plc is pleased to share a
news update in relation to its Arnish facility.
Harland & Wolff (Arnish) has been awarded a contract for the
fabrication of four suction piles for a sub-sea template of an
energy project in the Black Sea. Whilst the contract is small,
relative to the recent Saipem award and forms part of the Company's
expected pipeline for this year, the Board believes that this key
win validates the Company's strategy of getting its Arnish facility
into a state of operational preparedness for the wider renewables
sector in the UK.
With Arnish now moving to full operations, it will be
fabricating four suction piles - two at seven and a half metres
diameter and twenty metres length, and two at six metres diameter
and twelve metres length. The contract commences immediately and
will last for approximately four and a half months. This contract
marks Arnish's first external contract in addition to the work that
it is already being undertaken for our Methil facility. The
execution of this new contract now concludes the reactivation
process of all yards, which are winning work in their own
right.
Further, the Company has bid for several additional contracts
that management believes will flow through Arnish in the coming
weeks and months. Major infrastructure developments across numerous
sectors are beginning to move ahead to either construction or
commercialisation stages and Arnish, with its specialist large
diameter rolling equipment, is well placed to be a beneficiary as
its capability is expected to be in high demand.
John Wood, Group CEO of commented: "I am delighted to report
that Arnish is now fully operational. We have taken the time to
bring the site up to operational readiness. The works conducted by
the local team have garnered positive reviews by clients who have
inspected and audited the yard. Arnish offers something quite
different compared to our other yards and, looking ahead, the
specialist large rolling equipment is set to be booked for extended
periods by clients given the vast array of projects that require
large diameter rolling of steel."
For further information, please visit www.harland-wolff.com or contact:
Harland & Wolff Group Holdings plc +44 (0)20 3900 2122
John Wood, Chief Executive investors@harland-wolff.com
Seena Shah, Head of Marketing & Communications media@harland-wolff.com
Cenkos Securities plc (Nominated Adviser
& Broker)
Stephen Keys / Callum Davidson (Corporate
Finance)
Michael Johnson (Sales) +44 (0)20 7397 8900
-----------------------------
About Harland & Wolff
Harland & Wolff is a multisite fabrication company,
operating in the maritime and offshore industry through five
markets: commercial, cruise and ferry, defence, energy and
renewables and six services: technical services, fabrication and
construction, decommissioning, repair and maintenance, in-service
support and conversion.
Its Belfast yard is one of Europe's largest heavy engineering
facilities, with deep water access, two of Europe's largest
drydocks, ample quayside and vast fabrication halls. As a result of
the acquisition of Harland & Wolff (Appledore) in August 2020,
the company has been able to capitalise on opportunities at both
ends of the ship-repair and shipbuilding markets where there will
be significant demand.
In February 2021, the company acquired the assets of two
Scottish-based yards along the east and west coasts. Now known as
Harland & Wolff (Methil) and Harland & Wolff (Arnish),
these facilities will focus on fabrication work within the
renewables, energy and defence sectors.
In addition to Harland & Wolff, it owns the Islandmagee gas
storage project, which is expected to provide 25% of the UK's
natural gas storage capacity and to benefit the Northern Irish
economy as a whole when completed.
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