Harland & Wolff Group Holdings PLC Appledore Contract Win (0208S)
November 11 2021 - 1:00AM
UK Regulatory
TIDMHARL
RNS Number : 0208S
Harland & Wolff Group Holdings PLC
11 November 2021
11 November 2021
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
First Fabrication Contract Win For Harland & Wolff's
Appledore Shipyard
Harland & Wolff Group Holdings plc (AIM: HARL), the shipyard
and energy infrastructure group with over 160 years of maritime and
offshore engineering pedigree, is delighted to announce that its
subsidiary, Harland & Wolff (Appledore) Limited ("Appledore")
has been awarded a contract worth in excess of GBP2 million by
Herbosch-Kiere Marine Contractors Ltd for the fabrication of a
steel pontoon.
The steel pontoon will measure around 53 metres by 14 metres and
weigh 450 tonnes and is set to replace the existing Royal National
Lifeboat Institution ("RNLI") Tower Lifeboat Station based under
Waterloo Bridge on the north bank of the Thames. The contract works
will involve the manufacture of the foundation, stairways and
handrails for the RNLI lifeboat station. Work is expected to span
circa eight months and to be completed in June 2022.
The award of this contract is the first to be won by the
Appledore yard since it was acquired by the Company and the Board
considers it to be a major achievement, enabling the ramping up of
Harland & Wolff's Appledore yard and its workforce. This
contract will position the Company strongly to win further and
larger fabrication and shipbuilding contracts.
John Wood, Group CEO of Harland & Wolff comments:
"This major fabrication contract is a significant and exciting
milestone for Harland & Wolff Appledore. Since we acquired the
yard, we have had great confidence in the potential of this
business, and we are starting to see the strategy that we set out
come together.
"We have already started to ramp up our workforce and prepare
our yard for the project. This pontoon will give us the opportunity
to demonstrate the excellent fabrication and shipbuilding skills
within our Appledore workforce and will give our apprentices at
Appledore a fantastic project to work on at the start of their
careers with us."
This announcement contains inside information.
For further information, please visit www.harland-wolff.com or contact:
InfraStrata plc +44 (0)20 3900 2122
John Wood, Chief Executive investor@h arland-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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