Bridge wins £9m nuclear decommissioning & maintenance
UK engineering group Motherwell Bridge has secured two major nuclear
decommissioning and maintenance contracts valued at more than £9
success is a significant boost for its new Motherwell Bridge Nuclear
division, which has secured £15 million in total of new business
in its first year of operation.
It also underlines
Motherwell Bridge’s drive to develop its engineering maintenance
services activities and expand into higher added value sectors such
as aerospace, nuclear plant maintenance and decommissioning and
Nuclear has been awarded a £4.5 million contract at British Nuclear
Fuel Limited’s Trawsfynydd Power Station in Wales as part of a three-year
decommissioning project led by Amey Construction. The project involves
the partial dismantling of the boilers at the power station.
is also about to begin the second phase of an extensive maintenance
programme at both the Hunterston ‘B’ and Hinkley ‘B’ nuclear power
stations in a contract from British Energy valued at £5 million.
programme over the coming year will include inspection of boiler
areas, statutory inspections and the repair and / or replacement
of various boiler components and will involve more than 150 Motherwell
Bridge personnel on a 24-hour shift basis.
with British Energy, Motherwell Bridge has also constructed a state-of-art
training facility at its Sunderland base, which includes a full
size mock-up of an Advanced Gas Cooled Reactor and 15,000 sq. ft
of rigs and development cells.
on the contracts success, Motherwell Bridge Group chief executive
John Lumsden said: “ We have made major investment over the last
two years to refocus our business and concentrate on a number of
key areas and the nuclear sector is one of our prime targets."
over a year we have been able to make a substantial impact in nuclear
decommissioning and maintenance thanks to a combination of advanced
engineering skills and entrepreneurial drive.”
managing director of Motherwell Bridge’s Mechanical Construction
division which has overall responsibility for the nuclear operation,
said: “ Working in the nuclear sector demands the highest standards
of engineering and safety. We have put together a team which has
vast experience of the nuclear industry and established a significant
presence in this sector. I believe we are now well positioned for
further expansion in the nuclear industry over the next 18 months.”
Over the last
few years Motherwell Bridge has fundamentally reshaped its engineering
businesses. It has substantially reduced capacity in its operations
which are subject to cyclical demand in supplying capital plant
and equipment to the process plant industries.
At the same
time it has expanded its engineering maintenance services activities
and increased its exposure both by acquisition and organically to
higher added value sectors such as aerospace, nuclear plant maintenance
and decommissioning and railtrack maintenance. These activities
provide the opportunity for future sustainable growth in earnings.
Last month Motherwell
Bridge announced the £75m. sale of its Information Systems division
in an institutional buy-out led by Europe’s leading venture capital
company 3i. The sale represents a massive return on investment for
Motherwell Bridge which acquired the origins of the Information
Systems division only six years ago for £400,000 and has invested
£9m. in developing the operation worldwide.
has strengthened Motherwell Bridge’s balance sheet and will release
funds to create a strong platform for growth in its target sectors.
employs more than 3,500 people world-wide with a turnover of £200m.
in its engineering businesses. The Group has worldwide expertise
in engineering and engineering services and is known worldwide for
its services to clients in a wide range of fields, including energy,
aerospace, chemicals, pharmaceuticals, steel and transportation.