Displaying items by tag: Pöyry PLC

Pöyry's Energy business group has been awarded an engineering contract by UPM for the Schongau mill site in Germany. The order has been booked in the first quarter order book and the parties have agreed not to disclose the value of the assignment.

The contract includes detail engineering for the Balance of Plant (BoP) and the overall plant integration of the main supply packages. The scope of work also comprises technical assistance to the UPM project team in purchasing the main machinery consisting of a gas turbine, heat recovery boiler and steam turbine.

The energy-efficient combined cycle power plant (CCPP) will replace the old plant facility which has operated more than 40 years. With this project UPM continues to invest in efficient energy generation to significantly reduce energy costs as well as to secure the energy supply. The total investment is about EUR 85 million.

Pöyry has extensive experience in building similar resource-efficient energy solutions. Pöyry's part of the project started in March 2012, and commissioning of the total plant is planned for the end of 2014.

Pasi Tolppanen (Ph.D., Technology), 44, has been appointed Senior Vice President, Operations and Member of Pöyry's Group Executive Committee effective June 1, 2012. Tolppanen is currently in charge of Pöyry's Urban business in Finland. In his new role he will report to Heikki Malinen, President and CEO and will be responsible for performance improvement programmes, strategic resourcing and capacity management, engineering processes and tools as well as Group-wide HSEQ. Tolppanen has a ten year career with Pöyry. He has worked in various positions within the line organization.

The member of Pöyry's Group Executive Committee and Executive Vice President, Human Resources, Camilla Grönholm will leave Pöyry to join another company. She will carry on her duties until August 10, 2012. The process to find a successor has been started.

"We have during the past years systematically worked on developing our operational mode, key processes and leadership. In the newly established Group role, Pasi Tolppanen will ensure continuous focus on improvement of operational efficiency. Further development of our ways of working and improvement of our performance is a critical part of Pöyry's future success. We want to thank Camilla Grönholm for her 6-year contribution of establishing the global HR network and developing the people processes in Pöyry, and wish her success in her next endeavors", says Heikki Malinen, President and CEO, Pöyry PLC.

PÖYRY PLC

On 24 April 2012 the Board of Directors of Pöyry PLC has resolved on the number of shares of the plan for key personnel for the year 2012.

The rewards to be paid on the basis of the earning period commencing in 2012 will correspond to a maximum total of 475,000 Pöyry PLC shares if the target performance set by the Board of Directors is met. If the Company's performance exceeds the target and reaches maximum performance, as defined by the Board of Directors, the rewards to be paid on the basis of the earning period commencing in 2012 will correspond to a maximum total of 950,000 Pöyry PLC shares.

The potential reward from the plan for the earning period commencing in 2012 will be based on the Group's Earnings per Share before restructuring costs (EPS) and Net Sales, as well as on the continuance of employment or service. The potential rewards earned on the basis of this earning period will be paid partly in the Company's shares and partly in cash in 2015.

PÖYRY PLC

Pöyry's Industry Business Group has been awarded a services contract by Klabin S.A. for Environmental Study, Basic Engineering and Detailed Engineering for site infrastructure for a new pulp mill to be implemented in the state of Parana, southern Brazil. The parties have agreed that the value of the assignment will not be disclosed. The order has been booked into the first quarter 2012 order stock.

Pöyry has earlier also conducted the conceptual and pre-feasibility studies for the project.

The capacity of the new state-of-the-art pulp mill is 1.5 million tonnes per annum and the start up of the mill is planned for the third quarter of 2014. The final investment decision is expected later this year. The raw material will be eucalyptus and pine from Klabin's own plantations.

The concept of the mill is based on the use of the best available technologies and the best environmental practices, which constitute a state-of-the-art pulp mill.

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

Pöyry's Energy business group has been awarded the detail engineering and procurement assistance support contract for a 190 million CAD capital investment (Phase 1) to upgrade the specialty cellulose manufacturing facility of Tembec in Temiscaming, Quebec, Canada. 

The installation of a new waste liquor recovery boiler and turbo generator will increase the annual green electricity production by up to 40 megawatts and reduce sulfur dioxide emissions by 70 percent. It is expected that the boiler will be operational in December 2013, followed by the turbo-generator in May 2014.

Pöyry's assignment includes project management and detail engineering design for all disciplines. The project will be executed by Pöyry's office in Montreal, Canada. The contract value is CAD 7.2 million (EUR 5.5 million).

PÖYRY PLC

Paptech aims to serve as a meeting platform for the Finnish pulp and paper industry in the years between the large international exhibitions SPCI and PulPaper. Pöyry is one of the key players of the industry who value the opportunity to nourish the relationships to their clients by meeting them in person in a pleasant and functional setting.

- “Our industry is facing challenging times and we want to be there for our clients and discuss how we can help them”, says Stina Hemmilä, Manager, Marketing Communications at Pöyry. “Performance improvement, daily maintenance services and rebuilds are fields that we work in for many of our clients. We see Paptech as an opportunity to meet up mainly with our Finnish forest industry clients in a compact way.”
 
If you are a mill operations professional, visiting Pöyry during the two-day Paptech event will be well worth it. Pöyry will be presenting the Green Mill index, a sustainability index tool launched last fall. 
- “This is something we are very excited about”, says Hemmilä. “Not only does it measure sustainability, but it also pinpoints areas in the mill operations that could be improved, enhancing both environmental and financial performance.”

Please visit Pöyry during Paptech Finland 2012 and find out more information on www.poyry.com

Pöyry's Energy business group has been awarded a frame agreement by Svenska Kraftnät, the Swedish national grid, as Technical Consultants. The agreement is valid for 2012-2013 with separate options for two additional years.

Svenska Kraftnät has considerable investment needs and plan to invest SEK 18.8 billion over the next four years. Their investments for 2012 and 2013 are estimated to be SEK 7.8 billion.

"Counting the number of categories, we are very pleased to see Pöyry qualified as the largest supplier of consultancy services. We estimate that the agreement, for a period of 2+1+1 years, has a value of about SEK 200 million (22.6 MEUR)," says Magnus Hemmingsson, Managing Director, Pöyry SwedPower Ab. 

PÖYRY PLC

The AGM adopted Pöyry PLC's annual accounts and granted the members of the Board of Directors and the company's President and CEO discharge from liability for the financial period 1 January to 31 December 2011.

The AGM decided that a dividend of EUR 0.20 be distributed per outstanding share for the financial year 2011. The record date for distribution of dividend is 13 March 2012 and the payment date is 20 March 2012.

The AGM decided that the Board of Directors consist of seven (7) ordinary members. The AGM elected the following members to the Board of Directors: Mr. Pekka Ala-Pietilä, Mr. Georg Ehrnrooth, Mr. Henrik Ehrnrooth, Mr. Alexis Fries, Mr. Heikki Lehtonen, Mr. Michael Obermayer and Ms. Karen de Segundo.

The AGM decided that the annual fees of the members of the Board of Directors be EUR 45 000 for a member, EUR 55 000 for the Vice Chairman and EUR 65 000 for the Chairman of the Board, and the annual fee of the members of the committees of the Board of Directors be EUR 15 000. In addition, the AGM authorised the Board of Directors to decide about an additional fee of not more than EUR 15 000 per annum for each of the foreign residents of the Board of Directors and an additional fee of not more than EUR 5 000 per annum for each of the foreign residents of the committees of the Board of Directors. The authorisation shall be in force until the next AGM.

In its assembly meeting immediately following the AGM, the Board of Directors elected Henrik Ehrnrooth as Chairman and Heikki Lehtonen as Vice Chairman. Heikki Lehtonen, Alexis Fries and Georg Ehrnrooth were elected members of the Audit Committee. Henrik Ehrnrooth, Heikki Lehtonen, Karen de Segundo and Pekka Ala-Pietilä were elected members of the Nomination and Compensation Committee. In accordance with the authorisation by the AGM the Board decided to pay an additional fee of EUR 15 000 per annum to the foreign residents of the Board of Directors and an additional fee of EUR 5 000 per annum to the foreign residents of the committees of the Board of Directors.

The AGM decided to elect until further notice PricewaterhouseCoopers Oy as the new auditor of Pöyry PLC. PricewaterhouseCoopers Oy has appointed Merja Lindh, Authorised Public Accountant, as the auditor in charge.

Authorisation to acquire the company's own shares

The AGM authorised the Board of Directors to decide on the acquisition the company's own shares by using distributable funds on the terms given below. The acquisition of shares reduces the company's distributable unrestricted shareholders' equity.

The shares may be acquired in order to develop the company's capital structure, to be used as payment in corporate acquisitions or when the company acquires assets related to its business and as part of the company's incentive programmes in a manner and to the extent decided by the Board of Directors, and to be transferred for other purposes or to be cancelled. A maximum of 5 900 000 shares can be acquired. The amount of shares in the possession of the company shall at no time exceed one tenth (1/10) of the aggregate amount of shares in the company. The shares will be acquired in accordance with the decision of the Board of Directors either through public trading, in which case the shares would be acquired in another proportion than that of the current shareholders, or by public offer at market prices at the time of purchase. As the acquisition takes place in public, neither the order of acquisition nor the effect of the acquisition on the distribution of ownership and voting rights in the company nor the distribution of ownership and votes among insiders of the company is known in advance.

The Board of Directors is authorised to decide on all other terms and conditions.

The authorisation shall be in force 18 months from the decision of this AGM. The authorisation granted to the Board of Directors by the previous AGM regarding acquisition of the company's own shares expired simultaneously.

Authorisation to issue shares

The AGM authorised the Board of Directors to decide to issue new shares and to convey the company's own shares held by the company in one or more tranches. The share issue can be carried out as a share issue against payment or without consideration on terms to be determined by the Board of Directors and in relation to a share issue against payment at a price to be determined by the Board of Directors.

The authorisation also includes the right to issue special rights, in the meaning of Chapter 10 Section 1 of the Companies Act, which entitle to the company's new shares or the company's own shares held by the company against consideration.

A maximum of 11 800 000 new shares can be issued. A maximum of 5 900 000 own shares held by the company can be conveyed.

The authorisation comprises a right to deviate from the shareholders' pre-emptive subscription right provided that the company has an important financial reason for the deviation in a share issue against payment and provided that the company taking into account the interest of all its shareholders has a particularly important financial reason for the deviation in a share issue without consideration. The authorisation can within the above mentioned limits be used e.g. in order to strengthen the company's capital structure, to broaden the company's ownership, to be used as payment in corporate acquisitions or when the company acquires assets relating to its business and as part of the company's incentive programmes. The shares may also be subscribed for or own shares conveyed against contribution in kind or by means of set-off.

In addition, the authorisation includes the right to decide on a share issue without consideration to the company itself so that the amount of own shares held by the company after the share issue is a maximum of one-tenth (1/10) of all shares in the company. Pursuant to Chapter 15 Section 11 Subsection 1 of the Companies Act, all own shares held by the company and its subsidiaries are included in this amount.

The authorisation shall be in force 18 months from the decision of this AGM. The authorisation granted to the Board of Directors by the previous AGM regarding issuing shares expired simultaneously.

PÖYRY PLC