Harland & Wolff Group Holdings PLC - London-based offshore construction company - Says its Arnish yard has won an export contract with unnamed Greenland-based mining company. Says work will involve fabricating four ground anchor frames and A-space frames, along with other steel components. Harland & Wolff says these 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."
Arnish is located in the Isle of Lewis, Scotland. Says work on the project is due to start in September this year, with final delivery by April next year. Revenue from this project is included in existing market forecasts.
Chief Executive Officer John Wood says: "Selected for its location and extensive on-site capability, this is the Arnish yard's first export project within the mining sector...We now look forward to delivering these key mining components over the next ten months and to a long prosperous partnership."
Current stock price: 11.08 pence, up 0.7% in London on Tuesday
12-month change: down 36%
By Xindi Wei; xindiwei@alliancenews.com
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Harland & Wolff (HARL)