RCS - Harland & Wolff - Contract Win

Harland & Wolff groupAnnouncement

23/08/2022 07:00

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RNS Number : 8296W  Harland & Wolff Group Holdings PLC  23 August 2022

23 August 2022

Harland & Wolff Group Holdings plc

("Harland & Wolff", the "Company" or the "Group")

 

Largest Export Contract Award to Date for Harland & Wolff (Arnish)

 

Harland & Wolff Group Holdings plc (AIM: HARL), the UK-quoted company
focused on strategic infrastructure projects and physical asset lifecycle
management, is pleased to announce that its Arnish yard (Harland & Wolff
(Arnish)) has been awarded an export contract for the fabrication of eight
ground anchor and A-space frames by a Greenland-based mining company.

The full scope of work will include four ground anchor frames and four A-space
frames as well as other steel components. The frame components will make up
part of the barge mooring system located at the Greenland based mine and will
allow the barges to moor at the quayside.

Work on the project is due to commence in September 2022, with final delivery
by April 2023 and revenues derived from this contract are included within
existing market forecasts.

John Wood, Group Chief Executive Officer commented: "We are delighted that we
have been trusted to deliver critical components for this mining
infrastructure project. Selected for its location and extensive on-site
capability, this is the Arnish yard's first export project within the mining
sector. Further supporting the Group's multi-market strategy, Harland &
Wolff (Arnish) has now delivered components in the nuclear, renewables, marine
and oil and gas sectors in 2022 alone. We now look forward to delivering these
key mining components over the next ten months and to a long prosperous
partnership."

For further information, please visit  www.harland-wolff.com
(http://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 (mailto:investor@harland-wolff.com)

 Seena Shah, Head of Marketing & Communications                            media@harland-wolff.com (mailto:media@harland-wolff.com)

 Cenkos Securities plc (Nominated Adviser & Broker)                        +44 (0)20 7397 8900

 Stephen Keys / Callum Davidson / Dan Hodkinson (Corporate Finance)

 Michael Johnson (Sales)

 

 

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 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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