REG - Harland & Wolff - Appledore Contract Win

Harland & Wolff groupAnnouncement

11/11/2021 07:00

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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 £2 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
(http://www.harland-wolff.com/)   or contact:

 

 InfraStrata plc                                         +44 (0)20 3900 2122

 John Wood, Chief Executive                              investor@h (mailto:investor@harland-wolff.com) arland-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 (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 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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