Sif Gathers Steam in 2017

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.

Overall, Sif’s orderbook for 2017 stands at 210 Ktons, a 10% jump compared to a throughput of 191 Ktons recorded in 2016.

The orderbook for 2018 covers 97 Ktons.

During the quarter, Sif secured contracts for the Norther and the Hohe See offshore wind projects.

The group also delivered monopiles and transition pieces for the Galloper and the Rentel offshore wind farms, as well as the pin-piles for the Beatrice jacket foundations.

”In the first quarter of 2017, longer than anticipated maintenance activities in Roermond and start- up expenses in both Roermond and Rotterdam resulted in a higher direct cost level and impacted production levels of certain projects during the first two months. In March, production levels were almost at full capacity,” Jan Bruggenthijs, CEO of Sif-group, said.

”For 2017 a total production of 210 Kton is expected of which 57 Kton was produced in Q1 2017. Contribution was sound with € 662 per ton in Q1 2017.”

With 210 Ktons estimated production for 2017, utilization will again be at a high level, Sif said.

During 2017, total capacity will increase from 225 Ktons at the start to 300 Ktons on a full year basis once the second production line at Maasvlakte 2 becomes operational.