Independent journal on economy and transport policy
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The closure of the historic Harland and Wolff shipyard in Belfast has been averted
The activity was taken over by London-based InfraStrata. The jobs of the plant's 79 employees have been safeguarded
October 1, 2019
The London-based company InfraStrata, which operates in the
of energy infrastructure, saved the historic construction site
naval Harland and Wolff of Belfast by signing an agreement with
the director of the shipbuilding company, who last month was
placed in receivership, to acquire the
major assets, including factories, equipment, machinery and
industrial and intellectual property, of companies
Harland and Wolff Heavy Industries Limited e Harland and Wolff Group
Plc for a total of six million pounds (seven million euros
approximately).
The agreement provides for the transition under the new ownership
also of the 79 employees of Harland and Wolff who at the beginning of
This year they had not joined the voluntary retirement plan
and which will be immediately used to work on the projects
of the InfraStrata. Regarding the level of employment in the
Belfast construction site, InfraStrada specified that during the
over the next five years it plans to significantly increase the
workforce of the plant as the
infrastructure projects of the group.
With regard to these projects, InfraStrada specified that
the acquisition of Harland and Wolff is strategic and
will allow to bring within the group most of the
manufacturing activities necessary to make the
Islandmagee Gas Storage project, which involves the construction of a
natural gas storage facility in Islandmagge, a
peninsula in Northern Ireland, the aim of which is to provide
25% of natural gas storage capacity in the UK
and for the construction of an FSRU vessel of which it is
construction has been planned. Thanks to the acquisition of Harland
and Wolff InfraStrata expects to reduce the cost of the
the investments necessary to carry out their projects,
while reducing the period required for
complete them.
"Harland and Wolff - underlined the administrator
InfraStrata Delegate, John Wood - is a
and its reputation as one of the best shopping centres in the
multi-purpose production in Europe testifies to the qualifications
of excellence from the Belfast shipyard team. This acquisition -
explained Wood - is a function of the considerable synergies between
the company's different business segments with the
Harland and Wolff which are the basis of the economic aspects of the
implementation of the Islandmagee Gas Storage Project and others
future projects".
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The London-based company InfraStrata, which operates in the
of energy infrastructure, saved the historic construction site
naval Harland and Wolff of Belfast by signing an agreement with
the director of the shipbuilding company, who last month was
placed in receivership, to acquire the
major assets, including factories, equipment, machinery and
industrial and intellectual property, of companies
Harland and Wolff Heavy Industries Limited e Harland and Wolff Group
Plc for a total of six million pounds (seven million euros
approximately).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
