The Courier & Advertiser (Angus and Dundee)
New Bifab owners will create 600 jobs in Fife
T Fife.he new owner of Bifab plans to bring more than 600 new jobs to
Infrastrata has acquired the Methil and Arnish yards and other assets of the collapsed kingdom manufacturer Burntisland Fabrication (Bifab).
It has immediately saved 29 jobs, with workers brought back from furlough to maintain the sites.
Infrastrata have ambitious plans to create up to 1,000 new jobs across the locations.
A company spokesman said: “We are projecting over 400 new jobs at the Arnish site and over 600 new jobs in Methil with additional apprentices at both sites.
“We are keen to employ locally and will work with local training establishments to ensure we have an adequately skilled workforce.”
Bifab entered administration in
December after a Scottish Government decision to remove support for the ailing firm meant the loss of a key contract for wind turbine jackets for the NNG windfarm.
The deal does not include the Burntisland site in Fife.
The two yards will trade under the Harland & Wolff brand, which also has facilities in Belfast and Appledore.
Harland & Wolff is famous for having built the majority of the ocean liners for the White Star Line, including the Titanic.
In a joint statement GMB Scotland and Unite Scotland welcomed the announcement but demanded concrete actions by the Scottish and UK Governments to strategically support the offshore wind sector.
Unite Scotland Secretary Pat Rafferty and GMB Scotland Secretary Gary Smith said: “It is testimony to our members and their communities who have fought hard to keep these yards alive.
“We look forward to working with the company to ensure it is primed to win contracts for the offshore wind sector and to having a positive working relationship underpinned by the Fair Work principles.”
Infrastrata said Arnish and Methil would have “particular regard to renewable and defence projects”, describing Scotland as a “hotbed” for major wind farm projects.
The Londonheadquartered firm pointed to growth in the wider UK offshore wind market, with the likes of BP and RWE winning leases in the latest Crown Estate round this week for the Irish Sea and Dogger Bank area respectively.
It will pay up to £850,000 for the Bifab assets. Payments will be made in two phases: £650,000 in cash and a further £200,000 on certain conditions being met.
The second payment will occur if group turnover exceeds £74 million over the next 24 months or if consolidated turnover for the Methil and Arnish sites exceeds £40m over that time.
Infrastrata acquired the Belfast and Appledore sites of Harland and Wolff over the last two years from administrators, similarly targeting renewables, oil and gas and defence projects.
Chief executive John Wood said: “With this acquisition, we now have a footprint in Scotland, which is the hotbed for major wind farm projects as well as for shipbuilding programmes.”
Economy secretary Fiona Hyslop said the Bifab workforce has an “important role to play in the future of manufacturing in Scotland”.
“I look forward to working with the new owner as it forges a new future for the company.
“The Scottish Government will also engage with Forth Ports, the owner of the Burntisland yard, to help secure the best possible outcome for that yard.”
Deloitte was appointed administrator of Bifab in December.
Bifab was previously owned by Canadian company DF Barnes and lost several hotly-contested contracts for Scottish wind farms.
The Scottish Government invested some £37.4m in order to save the business from closure in 2017.
This was to support delivery of SSE’S Beatrice Offshore Wind project.
Holyrood leveraged that into a 32.4% stake in the business, and also provided an additional £15m loan facility.
However, in October the government said it had “exhausted the options” for financial support.