IHC Merwede Poised for Expansion

press release
Tuesday, November 15, 2011

A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year.


With the support of JP Morgan and Rabobank M&A, IHC Merwede has carried out extensive research over the past few months into the possibility of broadening the shareholding structure. However, the current situation within the global financial markets has resulted in limited opportunities to achieve this.
 

This means that the current structure will now remain in place for the long term. The IHC Merwede shareholders are: Rabo Capital, which holds 49 per cent; Indofin Group, with 18 per cent; and the management and personnel of IHC Merwede, with 33 per cent. The shareholders are unabated in their commitment to the long-term success of IHC Merwede.
 

IHC Merwede is well equipped for future expansion. Earlier this year, the company secured the financial backing of its underwriting capacity to €1.5billion. This was achieved with the support of an international banking consortium consisting of Rabobank, ING, ABN AMRO, BNP Paribas and Deutsche Bank.
 

This funding provides sufficient capacity for anticipated future growth. In addition, IHC Merwede expects to realise further growth of ten per cent in 2011, with a turnover of €1.1billion, and profits which will at least be equal to those made in 2010.
 

With the support of its shareholders, ample funding and excellent financial results, IHC Merwede will continue to focus on its priorities of growth, internationalisation and innovation. The company will also look to strengthen and broaden its technology portfolio.
 

This will not only benefit its position in existing markets, such as dredging and offshore, but also new markets, including renewable energy and mining. This growth will be achieved autonomously and through acquisitions.
 

President Goof Hamers is therefore extremely positive about the future: “The markets we work within are connected to global trends, such as the availability of energy and other commodities, and the development of infrastructure. IHC Merwede is on track to realise its targets.”

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Syncrude Uncertain about Plant Fire Affecting Production

The operator of Canada's largest synthetic crude project said on Saturday it is investigating the causes of an early morning fire at an upgrading plant. Firefighters extinguished the blaze,

Hurricane Ignacio Gains Strength but Expected to Bypass Hawaii

Hurricane Ignacio intensified as it blew across the Pacific on a route likely to bypass Hawaii on Saturday, said the Central Pacific Hurricane Center of the National Weather Service.

United Heavy Lift Gears up for the Asian Boom

All set to expand its footprint in the South Asian market significantly, Hamburg based, United Heavy Lift (UHL) appointed strategically placed Lexicon Overseas Pvt Ltd.

Shipbuilding

MN 100: ContainerTug B.V.

The Company: ContainerTug B.V. is a specialized Dutch naval design engineering and construction company with a strong focus on developing workboats and the evaluation

Oman Drydock Company Expands Rapidly

Oman Drydock Company (ODC) is growing fast. In January, the yard hit an important milestone - its 300th drydocking. Harnessing the power of its new $1.8 billion, 1.

NASSCO Invests in Facilities, Equipment and People

General Dynamics NASSCO has invested several hundred million in capital projects as part of its efforts to increase efficiencies via  modular shipbuilding, including:

Finance

TASI Acquires SignalFire Telemetry

TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts.  This new acquisition

DP World Profit Up 22%

Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015,

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5963 sec (2 req/sec)