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This has just been posted by JW it is a bit of a long one. https://www.linkedin.com/posts/activity-6839491269522161665-he2X
The post reads
'It has been two years since we started looking at H&W in Belfast. Without mentioning the COVID word we have had an intense two years keeping our facilities open for business, the progress the team have made in re establishing the H&W brand has been outstanding. We have brought back the core values of providing services clients want at an affordable price whilst delivering high quality work. We now have one of the largest fabrication footprints across the UK, geographically split between Belfast, Methil, Appledore and Arnish, this bodes well for the tsunami of fabrication and construction projects on the horizon that the UK as a whole will benefit from not just H&W. Being split across different geographical locations certainly is a big plus.
When setting out my strategy for the assets we were looking to acquire back in 2019 and taking into account the economic trading conditions we settled on our core markets Cruise & Ferry, Defence, Comercial, Oil & Gas and Renewables. Whilst we are still on a long journey in year 2/5 our strategy is stronger now than it was back in 2019 with the new national shipbuilding strategy due for release later in the year, the focus of government on shipbuilding demonstrated by the appointment of the shipbuilding Tsar, unprecedented levels of Defence spending locked in, the focus on renewables and local content along with the repurposing of offshore infrastructure we have everything to play for. Whilst we won’t win all projects, we are in the mix in some shape for most major projects across our markets, giving us the opportunity to select projects that are a good balance of risk and reward depending on the facility in question, capacity and capability.
Over the next few months I have decided to start posting on specific subjects when time permits, I will start with where I see each market heading, then our facilities and obviously I ?will talk further about our flagship Islandmagee project. Islandmagee is an essential element in security of energy supply in the UK even more so now with the transition away from traditional fuels.
By the end of next week we will have apprentices on each of our sites, the first batch I met recently in Methil, they will be the future of the business as they come through. I explained to them that there has never, in my lifetime been a better time to join the industry.
We have gone through the various stages of re establishing the business starting with getting the yards back into good working order, investing in machinery to ensure we can compete and improve our efficiency. We had our first small docking prior to Christmas 2019, we have moved on to securing multiple dockings and the commencement of fabrication whilst building a sales pipeline. We have now crossed over into our next phase of development that is building a multi year backlog.'
The last sentence reads ' We are in negotiations for various projects across our core markets that will bring this to fruition in the near future.'