Source - Alliance News

Harland & Wolff Group Holdings PLC on Monday said it won a £8.5 million, 10 barge contract from the London-based Cory Group.

Harland & Wolff is a London-based fabrication company, which serves the maritime and offshore industries from yards in England, Northern Ireland and Scotland.

The new contract adds to the two contracts Harland & Wolff signed with Cory last year to build 23 waste barges in Belfast. The deals are worth £18.0 million in total.

Cory handles recyclable and non-recyclable waste.

Chief Executive Officer Johm Wood said: ‘I am delighted that the Cory Group have contracted with us for the build of a further ten barges following the ongoing delivery of barges under the original contract. With three sites within the Group now fabricating for Cory, this has given us the opportunity to de-risk the contracts and provide optionality to both the client and ourselves.

Shares in Harland & Wolff were up 3.1% at 14.69 pence each in London on Monday morning.

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