General – Manufacturing Plant
Sif Holding today announces its €328 million Final Investment Decision (FID) to construct the world’s largest monopile foundation manufacturing plant in Rotterdam, the Netherlands.
Construction is expected to start in April 2023.
The upgraded manufacturing plant will significantly increase the total combined capacity of Sif to 500 kilotons a year and upgrade Sif’s capabilities to manufacture the equivalent of 200 XXXL, 11 meter diameter, 2,500 tons reference monopile foundations a year;
Once the expanded manufacturing plant is fully ramped-up, which is expected in the first half of 2025, the Company projects EBITDA of €135 million in 2025 and of at least €160 million per annum from 2026 onwards.
Fred van Beers, CEO of Sif: “By constructing the world’s largest monopile foundation manufacturing plant and by implementing next level integrated manufacturing technology with second-to-none process and quality controls, Sif will live up to its vision and take a pivotal step in securing its next phase of growth. As a result of this investment, we will strengthen our absolute global leadership position as monopile foundations solutions provider, enhance our innovative skills and create long-term value for all our stakeholders with a clear growth path in an accelerating global offshore wind market. An important basis for the plan is the responsibility taken for safety and sustainability in building the facility as well as the design and operation of the production process.”