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25 December 2024 - Year XXVIII
Independent journal on economy and transport policy
07:30 GMT+1
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Original news
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".

››› News file
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DATABASE
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››› Meetings File
PRESS REVIEW
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››› Press Review File
FORUM of Shipping
and Logistics
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››› File
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