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Sif Group reported a revenue of EUR 400.3 million for 2016, a 24.6% increase from EUR 321.3 million in 2015, with the company’s net earnings rising by 5% from EUR 35.6 million in 2015 to EUR 37.4 million last year. The company’s net debt also increased, but mainly due to building new facilities that will lead to Sif having a production capacity of 300 Ktons per year.
On 29th September, the Dutch Minister of Economic Affairs, Henk Kamp, officially opened Sif’s new assembly and coating facility at the Maasvlakte 2 terminal in the Port of Rotterdam.
The last four transition pieces (TPs) for the Galloper offshore wind farm in the UK have been dispatched from Smulders facilities in Hoboken, Belgium, and are on their way to Rotterdam, where they will be loaded onto the installation vessel Innovation at Sif’s Maasvlakte 2 site.
Sif Group has published a photo of its new site at Maasvlakte in Rotterdam accommodating, among others, piles for the Beatrice offshore wind farm foundations and monopiles for the Rentel offshore wind farm.
Ørsted has awarded Sif Holding N.V. with a contract to produce 47 monopiles for the Borssele 1 and 2 offshore wind farm in the Dutch North Sea.
Offshore foundations manufacturer Sif Holding has prepared a set of measures in preparation for possible underutilization of the company’s 300 Kton annual production capacity in 2018.
Dutch foundation components manufacturer Sif has recorded a total throughput of approximately 57 Ktons of steel in the first quarter of 2017, a 23.9% increase compared to a 46 Kton throughput reported for the first quarter of 2016.