Last checked at 7 Nov 2023 07:00
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 or contact:
Harland & Wolff Group Holdings plc John Wood, Chief Executive Officer Arun Raman, Chief Finance Officer
| +44 (0)20 3900 2122 investor@harland-wolff.com media@harland-wolff.com |
Cavendish Securities plc (Nominated Adviser & Broker) Stephen Keys / Callum Davidson / Dan Hodkinson (Corporate Finance) Michael Johnson (Sales)
| +44 (0)20 7397 8900 |
Liberum Capital Limited (Joint Broker) Nicholas How / Edward Mansfield
| +44 (0)20 3100 2000 |
Radnor Capital Partners (Investor Relations) Neville Harris / Joshua Cryer | +44 (0) 20 3897 1838 |
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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.