The highly strategic shipyard, which will be known as Harland & Wolff (Appledore), is targeting five distinct sectors; defence, commercial, renewables, cruise & ferry and oil & gas. It says it will retain the 79 workers who are still employed, and hopes to increase the workforce by "several hundred" over five years. A … InfraStrata later moved out of the oil business. Faced with competitive pressures, Harland & Wolff sought to shift and broaden their portfolio, focusing less on shipbuilding and more on design and structural engineering, as well as ship repair, offshore construction projects and competing for other projects to do with metal engineering and construction. "You bring that all together it covers all eventualities that the future might throw at us.". Harland and Wolff buyer misses payment date . InfraStrata plc acquired Harland & Wolff out of administration last year, later acquiring Appledore and renaming it H&W Appledore. Read more in our Privacy & Cookies Policy. Islandmagee Energy says the brine will be discharged into the Irish Sea "at an approved distance offshore". 1 November 2019. The yard went into administration in August following the collapse of its Norwegian parent company. What does Ethiopia's Tigray crisis mean for the region? Video. It claims it would provide more than 25% of the UK's natural gas storage capacity. Having completed a strategic review of the facilities post acquisition it is clear that Harland & Wolff can be utilised in adjacent markets to our existing projects building on our overarching strategy of operating high value strategic infrastructure facilities. The company has been eyeing up another opportunity in Northern Ireland since 2015, but it has not yet come to fruition. InfraStrata plc (AIM: INFA) is a London Stock Exchange-listed firm focused on the development, commercialisation and operation of advanced high-value strategic … InfraStrata: Harland and Wolff's new owner . This site uses cookies. The yard went into administration in August following the collapse of its Norwegian parent … The core sectors the yard will focus on are as follows: All content is copyright InfraStrata plc © 2020. This strategic acquisition enables InfraStrata to realise synergies on its existing Islandmagee project given its neighbouring location some 24NM away and the extensive fabrication facilities at Harland & Wolff. .css-8h1dth-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-8h1dth-Link:hover,.css-8h1dth-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. It is also planning a separate, floating gas storage facility. there were hundreds of complaints from residents and environmentalists. Belfast's Harland and Wolff shipyard has been sold, saving it from closure. Read about our approach to external linking. VideoWhat does Ethiopia's Tigray crisis mean for the region? 'I didnât know other LGBT Muslims existed' Video, 'I didnât know other LGBT Muslims existed', Dave Prowse: Darth Vader actor dies aged 85, Canada bans mass exports of prescription drugs, Durham van traveller Esther Dingley missing in Pyrenees, Covid: Boris Johnson writes to MPs to quell anger over new tiers, American football: Sarah Fuller makes history as first woman in a Power 5 game, Zappos ex-boss and Las Vegas entrepreneur Tony Hsieh, 46, dies after house fire, Serbia and Montenegro expel respective ambassadors, Mike Tyson and Roy Jones Jr share an engaging draw in 'exhibition' bout. Globally, there is an estimated £6bn pipeline of opportunities over the next five years,” said John. The yard will now be operated under the name Harland and Wolff (Appledore), after the much larger Belfast site the same owner bought in December last year. It then began looking into a range of potential energy infrastructure projects around the world. The mention of Belfast and Appledore refers to the Harland & Wolff shipyards in Belfast and England. Mr Wood, who formerly served in the Merchant Navy on the Harland and Wolff-built SS Canberra, said the Islandmagee project meant InfraStrata brought something to the table that other companies could not.