Harland & Wolff Group Holdings PLC Planning Application -- Belfast

TIDMHARL

Harland & Wolff Group Holdings PLC

21 February 2023

21 February 2023

RNS Reach

Harland & Wolff Group Holdings plc

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

Planning Application - Belfast

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, as part of the GBP77 million Recapitalisation Plan for the FSS Programme, the Company has now submitted a planning application to extend its fabrication halls at the Belfast Facility.

The application submitted is for a 4,997m(2) extension to the existing fabrication halls and will facilitate the automated fabrication of panels of up to 16m(2) that will be used for the FSS Programme, as well as for multiple projects across all the Company's markets in due course.

At present, the Company operates from fabrication halls in Belfast covering approximately 35,000m(2) and it is these halls that will incorporate the majority of the Company's upgrades, with a key focus being on automated and robotic machinery. As part of this plan, demolition works on certain existing structures in the yard will be undertaken before the end of the month to facilitate the construction of the new facilities. These upgrades, along with an increase in the overall size of the fabrication halls, will ensure that the Company is prepared for future domestic and export opportunities already in the pipeline.

John Wood, Group Chief Executive Officer, Harland & Wolff comments: "It is pleasing to see that the regeneration plans that have been worked on since the acquisition of Belfast Facility in December 2019 are now submitted. The extension of the fabrication halls will give us a substantially improved production flow making us more efficient and cost effective."

 
 Harland & Wolff Group Holdings plc                [phone] 
  John Wood, Chief Executive Officer                2122 
  Seena Shah, Head of Marketing & Communications    [e-mail] 
                                                    [e-mail] 
 
 

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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February 21, 2023 02:00 ET (07:00 GMT)