REG - Harland & Wolff - First Contract Win by Harland & Wolff (USA)

Harland & Wolff groupAnnouncement

07/11/2023 07:00

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RNS Number : 5542S  Harland & Wolff Group Holdings PLC  07 November 2023

This announcement contains inside information.

 

7 November 2023

 

 

 

Harland & Wolff Group Holdings plc

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

 

First Contract Win by Harland & Wolff (USA)

 

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 recently opened Miami based office
has been awarded its first contract for circa $1.5m to support TampaShip (part
of the Edison Chouest Group, based in Tampa, Florida)  in the completion of
the construction of a floating dock for the Bollinger shipyard facility in the
Gulf of Mexico. Fabrication works have commenced and are expected to be
completed within the next three months.

 

The Company is very active in building its pipeline of opportunities in the
USA. Further announcements will be made as the Company progresses to contract
in due course.

 

John Wood, CEO of Harland & Wolff Group Holdings comments:

 

"I am delighted that we have signed our first contract in the USA within less
than six months of establishing our business in Florida. The North American
opportunity is substantial across all our five markets and our new team is
working hard to convert these opportunities into firm contracts, not only for
the US business itself, but also for cross-border transactions between US
clients and our facilities in the UK."

 

 

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)

 Arun Raman, Chief Finance Officer                                         media@harland-wolff.com (mailto:media@harland-wolff.com)

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

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

 Michael Johnson (Sales)

 Liberum Capital Limited (Joint Broker)                                    +44 (0)20 3100 2000

 Nicholas How / Edward Mansfield

 Radnor Capital Partners (Investor Relations)                              +44 (0) 20 3897 1838

 Neville Harris / Joshua Cryer

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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