Displaying items by tag: Pöyry PLC

Pöyry continues to streamline its business operations and adjusts its management structure with a view to improving efficiency.

Alexis Fries, President and CEO will act as Chairman of Pöyry's Regional Operations.

Marcelo Cordaro, 51, BSc, MSc and DSc in Electrical Engineering, currently President of Pöyry's operations in Brazil is additionally appointed as President Regional Operations Latin America and member of the Group Executive Committee reporting to the President and CEO. Marcelo Cordaro joined the Pöyry Group in 2008. Before that he was the Marketing and Supply Chain Director at Braskem S.A. (2005-2008) and held several positions as a management consultant for Booz Allen Hamilton (2004-2005) and McKinsey & Company (1996-2004).

Nicholas Oksanen, 47,MSc in Engineering (Paper Technology and Economics), currently President of Pöyry's Pulp and Paper Business Unit is additionally appointed as President Industry Business Group and member of the Group Executive Committee reporting to the President and CEO. Nicholas Oksanen joined the Pöyry Group in 1993 and has held several management positions in the Industry Business Group.

Richard Pinnock, currently Executive Vice President Group Strategic Growth is appointed Executive Vice President Global Sales and Project Management with the responsibility for strengthening the Group's global sales and project management. He will also continue to develop the Group's Large Projects Competence Centre. The Project Management Services Business Unit, currently part of the Industry Business Group, will be integrated under the Global Sales and Project Management Function. Richard Pinnock continues as a member of the Group Executive Committee reporting to the President and CEO.

Pasi Tolppanen, President Regional Operations Northern Europe, President of Pöyry's operations in Finland and member of the Group Executive Committee, and Marcelo Cordaro are both appointed as Vice Chairmen Regional Operations supporting the President and CEO in promoting the regional business model, successfully implemented in Northern Europe, to other Key Countries of Pöyry.

The Regional Operations Alpine Arc and Central Europe will be combined into one region, Central Europe, which includes three of Pöyry's Key Countries:  Germany, Switzerland and Austria. The respective Country Presidents will report directly to Alexis Fries, President and CEO and Chairman Regional Operations.

The Mining and Metals Business Unit, currently part of the Industry Business Group, will be integrated into the Regional Operations Northern Europe.

The Regional Operations Asia Pacific comprising of local operations in China and Thailand will be integrated into the Energy Business Group.

The changes will be effective immediately.

Martin Bachmann, Chairman Regional Operations and President Regional Operations Alpine Arc and Asia-Pacific, and Martin Kuzaj, President Regional Operations Central Europe, President Regional Operations Latin America and President Industry Business Group will leave the Pöyry Group. We would like to thank them both for their valuable contributions to the Pöyry Group and wish them all the best for the future.

Stora Enso has awarded Pöyry with the assignment for the engineering and site services for the pulp mill rebuild and paper machine conversion project at its Varkaus Mill in Finland. The assignment relates to the pulp mill rebuild, paper machine conversion, upgrading of existing utilities, and includes detail and civil engineering as well as site services as an option. The assignment is a continuation of the pre-feasibility and the feasibility studies performed by Pöyry during 2013.

The conversion work is expected to be undertaken mainly during autumn 2015 and the board machine is scheduled to start up during the fourth quarter of 2015. The current 280 000 tonnes per year uncoated fine paper machine is planned to cease production by the end of August 2015. Following the conversion into a board machine, Varkaus Mill's capacity will be about 390 000 tonnes per year of kraftliner and white top liner and 310 000 tonnes of unbleached kraft pulp. 

"This project is a continuation of the long co-operation between Stora Enso and Pöyry, and strengthens Pöyry's position as the world's leading pulp and paper engineering consultancy, having delivered projects for 80% of the world's major pulp and paper companies", says Nicholas Oksanen, President of Pöyry's Pulp and Paper Global Competence Line.

The value of the order is not disclosed. The order will be recognised within the Industry Business Group order stock in Q2.

Pöyry has been awarded an assignment by CMPC Celulose Riograndense for the expansion of the company's Guaiba pulp mill in Rio Grande do Sul state, Brazil. The assignment consists of Engineering, Procurement and Construction Management (EPCM) services for the Balance of Plant (BOP) and involves integrating the different processes of the mill. These engineering and project management services will start immediately. The parties have agreed that the value of the assignment is not disclosed. The project will be included in the Industry Business Group's first quarter 2013 order stock.

The capacity of the new state-of-the-art pulp mill is 1.3 million tonnes per year and the startup of the mill is planned for the first quarter of 2015. The bleached eucalyptus pulp production line is the largest investment in the CMPC history.

Pöyry has been involved in the project since October, 2010 when CMPC awarded Pöyry an assignment for feasibility studies and basic engineering. The company was also awarded a preparatory work for the mill infrastructure. Now Pöyry will be responsible for overseeing that the different parts of the plant will be efficiently developed and connected together. CMPC selected Pöyry for the company's exceptional track record and thought leadership in similar projects. The concept of the mill is based on the use of the best available technologies and the best environmental practices.

The contract further strengthens Pöyry's position as the world's leading engineering solutions provider for the pulp and paper sector.

Sergio Guimaraes has been appointed Executive Vice President of Pöyry PLC and President of the Energy Business Group. Sergio will become a Member of Pöyry PLC's Group Executive Committee. He will take over duties on 15 April 2013 and report to Alexis Fries, President and CEO of Pöyry PLC. Sergio Guimaraes joins Pöyry after a 30 year career in Alstom where he assumed a number of management positions within the global hydro business.

Ari Asikainen, current EVP, President of Energy Business Group, takes up a new position as Senior Vice President of Business Development reporting to Alexis Fries, President and CEO. He will not be a member the Group Executive Committee.

PÖYRY PLC

Pöyry's Energy Business Group has been awarded a technical consultancy services assignment for the Xayaburi hydro power plant project in Lao PDR. Pöyry works as the Government of Lao Engineer in the project. Pöyry will support the Government of Lao and the project owner Xayaburi Power Company Limited during the 8-year implementation period by reviewing the design and supervising the construction of the project. The parties have agreed not to disclose the value of the assignment. The project will be included in Pöyry's fourth quarter 2012 order stock.

The project is a state-of-the-art run-of-river plant, with no large reservoir. The installed capacity of 1,285 MW is generated by 8 Kaplan turbines. The design includes multiple fish passages, fish-friendly turbines, low level outlet gates for sediment flushing and navigation locks for shipping to minimise possible adverse environmental and social effects of the plant. The energy production of the plant is sufficient to provide clean electricity to nearly 1 million people in Lao PDR and 3 million people in Thailand.

In 2011 Pöyry acted as a technical consultant to the Government of Lao preparing a technical comparison between the original Xayaburi hydropower project design and the recommendations of the Mekong River Commission. In that technical comparison, Pöyry made several specific recommendations to improve the sustainability of the scheme including additional environmental studies, installation of additional fish ladders and other measures to improve fish migration as well as technical design modifications to improve the sediment and nutrients handling. After this, Pöyry has worked as the Government of Lao Engineer during the development of the project to oversee the implementation of the proposed recommendations. The Government of Lao and Xayaburi Power Company Limited have confirmed that the recommendations made by Pöyry will be incorporated in the project design.

"Large infrastructure projects such as hydropower plants raise a variety of sustainability related questions among stakeholders. However, the Xayaburi hydropower plant, as an example, will provide CO2-free renewable energy for about 4 million people in South East Asia. The lifespan of a run-off river power plant can reach up to 100 years and during this period it will provide affordable clean renewable energy to Lao PDR and Thailand, replacing fossil fuels, improving reliability of power supply and helping to advance Lao PDR out of the "Least Developed" category of nations. Through this assignment Pöyry is committed to monitor the construction of the hydropower plant and its compliance with the Mekong River Commission guidelines, including the proposed technical design improvements and additional studies. I believe that by first reviewing the project's technical design and now overseeing the project implementation we can actively and positively contribute in careful implementation of the first hydro power project in the lower Mekong river", says Ari Asikainen, President, Energy business group.

The project is available on www.poyry.com

Alexis Fries, who was appointed as President and CEO of Pöyry PLC on 13 June 2012, will take up his position on 1 September 2012.

The new compositions of Pöyry's Board Committees, as announced on 21 June 2012, will come effective on 1 September 2012.

Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business.

With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, transportation, water, environment and real estate.

Pöyry's January-June 2012 result will be published on 27 July 2012 at 8:30 a.m. Finnish time. The result will be presented by CFO Jukka Pahta at the news conferences as follows:

- A conference for analysts, investors and press in Finnish will be arranged at 12 p.m. Finnish time at Restaurant Savoy, Eteläesplanadi 14, Helsinki, Finland. 

- An international conference call and webcast in English will begin at 5:00 p.m. Finnish time (EEST). 

10:00 a.m. US EDT (New York)

3:00 p.m. BST (London)

4:00 p.m. CEST (Paris)

5:00 p.m. EEST (Helsinki)

The webcast may be followed online on the company's website www.poyry.com. A replay can be viewed on the same site the next working day.

To attend the conference call, please dial

Finland: 0800 914672 Toll Free

UK: 0808 109 0700 Toll Free
USA: 1 866 966 5335 Toll Free

Other countries: +44 (0)20 3003 2666 (Standard International Access)

Conference id: Pöyry

Due to the live webcast, we kindly ask those attending the international conference call and webcast to dial in 5 minutes prior to the start of the event.

Pöyry's Energy business group has been awarded an assignment for the modernisation of Landskron substation by the Carinthian distribution system operator KELAG Netz GmbH. The overall value for Pöyry amounts to approximately EUR 7.1 million, and it has been booked in the second quarter order stock.

The scope of the work comprises detailed design engineering, project management, construction and installation services as well as the supply of equipment. Dismantling of the existing equipment and installation of the new components will be realised stepwise in close cooperation with the client. The project will start in July 2012 and will be completed by the end of 2014.

Pöyry's comprehensive offering for the power transmission and distribution sector in Europe underlines the company's commitment to supporting its clients with the challenges of a changing power sector. Upgraded grid infrastructures are instrumental for adopting the future generation mix and to guarantee reliable power supply to all clients.

PÖYRY PLC

Based on current information, the Pöyry Group's operating profit for 2012, excluding restructuring costs, is expected to remain stable compared with 2011.  Previously the comparable group operating profit was expected to improve clearly from 2011. The outlook for Group's net sales for the full year 2012 remains unchanged, and is expected to remain stable.

The main reasons behind the reduced outlook are:

• Closure and divestments of low performing and non-core offices and business units
• Recognized one time project and credit losses in Urban business group projects mainly outside of our core markets
• Lower than anticipated activity levels in certain markets and especially in the Management Consulting business group

Pöyry continues the strategic review of its business portfolio, especially in the Urban business group. The previously announced operational excellence program aiming at improving the business units' performance will continue until end of 2012. The program also includes group-wide efficiency improvement measures, focusing on internal processes, support functions and associated costs that are expected to deliver significant annualized cost savings.

"The Company's financial performance has not been satisfactory, and we have taken necessary measures to adjust our costs to improve our efficiency and profitability. This work will continue through the targeted ongoing programs, aiming at reducing our cost base.  We expect to gain significant improvements from these programs", says Henrik Ehrnrooth, President and CEO of Pöyry Group.

More details about the outlook will be issued in Pöyry's January-June interim report, which will be published on 27 July 2012.

Previous Group level outlook from Q1 interim report (25 April 2012):

Based on the current strong order stock and outlook for new orders, the Group's net sales in 2012 are expected to remain stable compared with 2011. The comparable operating profit for 2012 is expected to improve clearly from the operating profit, excluding restructuring costs, in 2011.

The outlook and comparison both refer to figures excluding restructuring costs.

The Board of Directors of Pöyry PLC has appointed Alexis Fries (57) new President and CEO of Pöyry. Alexis Fries will take up the position during the autumn 2012 and will be primarily based in Zurich, Switzerland, with an office also at Pöyry House, Vantaa, Finland.

Alexis Fries holds a Diploma in Physics from The Swiss Federal Institute of Technology of Zurich. He is currently CEO of EOS Holding SA in Switzerland, a company active in the energy sector. He has been a member of the Board of Directors of Pöyry PLC since 2008 and continues in this role. The CV of Alexis Fries is available on Pöyry's website at www.poyry.com.

Heikki Malinen has left his position as President and CEO on 13 June 2012. The Chairman of the Board of Directors, Henrik Ehrnrooth will act as interim President and CEO starting today until Alexis Fries takes over the position. Heikki Malinen will support Henrik Ehrnrooth and Alexis Fries to ensure a smooth handover until end of November 2012.

"I want to take this opportunity to thank Heikki Malinen for his dedication and commitment to Pöyry during the past four years," says Henrik Ehrnrooth, Chairman of the Board of Directors of Pöyry PLC. "Despite the challenging business environment, Heikki Malinen has been driving the development of the company forward in many critical areas. I wish him all the best for his future career."