Contract Win23 Aug 2022 08:12
Tue, 23rd Aug 2022 07:00
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."
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