Harland & Wolff Group Holdings PLC Arnish Trading Update
13 Abril 2022 - 1:01AM
RNS Non-Regulatory
TIDMHARL
Harland & Wolff Group Holdings PLC
13 April 2022
13 April 2022
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
Arnish Trading Update
Harland & Wolff Group Holdings plc (AIM: HARL), the UK
quoted company focused on strategic infrastructure projects and
physical asset lifecycle management, is pleased to provide a
trading update in relation to its fully owned subsidiary, Harland
& Wolff (Arnish) Limited.
Following the Company's announcement of Arnish's first contract
win in November last year for the fabrication of four suction piles
for an offshore energy project, the first two suction piles have
now been completed and Arnish is on track to complete the contract
by the end of April. This contract has been completed on time, on
specification and on budget.
Further, the Company is pleased to report that Arnish has won a
fabrication contract to roll twelve Super Duplex Shells for the
Hinkley C nuclear power project. The first of the twelve structures
will be rolled from tomorrow with the project scheduled to be
completed by the end of June.
Finally, Arnish has been busy with the fabrication of boat
landings for the Saipem contract. The first of eight boat landings
will be despatched to Methil next week for painting works with the
second boat landing going out two weeks thereafter. The cumulative
contract value for these projects is estimated to be in the region
of GBP2 million - GBP3 million, as predicted by management.
Harland & Wolff, group CEO John Wood, commented:
"I am delighted to see that Arnish is very busy with a number of
projects being run in parallel. The team have done an excellent job
to get the first contract delivered on time and on budget. This
performance has provided immense credibility to the yard in its
negotiations with a number of new clients."
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 Officer investor@harland-wolff.com
Seena Shah, Head of Marketing & Communications media@harland-wolff.com
Cenkos Securities plc (Nominated Adviser
& Broker)
Stephen Keys / Callum Davidson / Dan Hodkinson
(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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