Displaying items by tag: Pöyry

Pöyry has agreed to sell parts of its water and environment operations to Lahmeyer Holding GmbH. The agreement involves the sale of the entire share capital of Pöyry Environment GmbH (Germany) and Pöyry Tanzania Ltd (Tanzania). Both businesses carry out water and environment engineering services primarily financed by Official Development Assistance (ODA) throughout the developing world.

The combined annual net sales of these two units were approximately EUR 12 million in 2011 and they employ approximately 70 people. Pöyry will recognise a loss of about EUR 5 million in the first quarter of 2012 on the transaction. The transaction is cash flow positive.

Closing of the German transaction took place on 1.3.2012. Closing of the Tanzanian transaction is subject to local competition authority approval and is expected to take place during the second quarter of 2012. Both units will be excluded from Pöyry's financial reporting as of 1 January 2012.

Pöyry Capital, the investment banking arm of Pöyry PLC, acted as financial advisor to Pöyry on this transaction.

Global consulting and engineering company Pöyry has become a member of the World Business Council for Sustainable Development (WBCSD). Together with other WBCSD members Pöyry contributes to solving some of our planet's biggest challenges that require high-quality consulting and design capabilities.

The WBCSD is a global association dealing exclusively with business and sustainable development. The council plays the leading advocacy role for business and provides a forum for its members to share best practices and develop innovative tools.

"I am pleased to be able to welcome this internationally respected company, with its profound consulting and engineering knowledge, to our membership. Pöyry's experts will make a valuable contribution to our comprehensive work programme not least since the areas in which they operate so closely match it," says Bjorn Stigson, President, WBCSD.
"We are honoured to have been invited to join a group of companies and individuals that are passionate about sustainable business. As stated in our vision, we aim to be recognised for our capabilities in engineering balanced sustainability. The WBCSD provides us with a valuable platform from which to collaborate and accelerate development of sustainable business," says Heikki Malinen, President and CEO of Pöyry.

PÖYRY PLC

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WBCSD is a CEO-led organisation of forward-thinking companies that galvanises the global business community to create a sustainable future for business, society and the environment. Together with its members, the council applies its respected thought leadership and effective advocacy to generate constructive solutions and take shared action. The Council plays the leading advocacy role for business. Leveraging strong relationships with stakeholders, it helps drive debate and policy change in favour of sustainable development solutions. The WBCSD provides a forum for its 200 member companies - who represent all business sectors, all continents and combined revenue of over $7 trillion - to share best practices on sustainable development issues and to develop innovative tools that change the status quo. The Council also benefits from a network of 60 national and regional business councils and partner organisations, a majority of which are based in developing countries. www.wbcsd.org

The environmental sustainability of Progroup AG's Propapier´s PM2 mill site, located in Germany, has been successfully analysed with Pöyry´s Green Mill Index.

"We want to be forerunners concerning environmental sustainability issues. Pöyry's Green Mill Index gave us a complete overview of our production and mill site performance. Although our performance was excellent, there is always room for some improvement and we know now where to concentrate" says Mr. Resvanis from Propapier.

The Green Mill Index is a tool developed by Pöyry for pulp and paper mills. The index represents the relations of different indicators and overall environmental performance of a mill and helps to measure e.g. energy or water efficiency. Many of the indicators used in Pöyry´s Green Mill Index are based on European Commission standards for best available technology, known as BAT levels.

The Green Mill Index is a natural extension to Pöyry's services dedicated to balanced sustainability and continuous improvement. As a leading consulting and engineering company in the pulp and paper industry, Pöyry is committed to designing mills that are technologically advanced, operationally efficient and meet stringent environmental standards.

Progroup AG produces corrugated board formats as its core business. The Propapier PM2 produces high-quality corrugated board base papers exclusively on the basis of waste paper. The special technology of PM2 makes it possible to produce lightweight, fibre-saving new papers for lighter and at the same time more efficient corrugated boards of the "next generation".

Pöyry announces that it has ended the share buyback programme of its own shares announced on 27 April 2010.

The company has acquired under the programme a total of 409,000 shares at an average price of EUR 10.66 through public trading on the NASDAQ OMX Helsinki exchange. The shares were acquired under the authorisation granted by the Annual General Meeting 2011.

Pöyry PLC's Board of Directors has an authorisation to acquire a maximum of 5,900,000 shares. The authorisation shall be in force 18 months from the decision of the AGM.The company currently holds 682,740 own shares.

PÖYRY PLC

Pöyry's Industry Business Group has been awarded a contract for supporting services for the overall project and construction management by Eldorado Celulose e Papel Ltda for its 1.5 million t/a bleached eucalyptus market pulp mill to be built in Mato Grosso do Sul state, Brazil. The value of Pöyry's contract is ca. EUR 8 million and the expected execution period is approximately 18 months. The value of the contract will be included in the order stock of the second quarter 2011.

Pöyry has been involved in the project since March 2010 when Eldorado awarded Pöyry a contract for pre-engineering and preparatory work for mill infrastructure. In January 2011 Pöyry was also awarded a basic and detail engineering contract for the pulp mill (see stock exchange releases of 31 March, 2010 and 13 January, 2011).

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 level pulp mill. Using existing eucalyptus plantations as raw material, the mill will produce more with less use of natural resources, at low production costs, progressive environmental impact reduction and minimum risks of accidents at work.

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

Pöyry's Industry business group has been awarded services contracts by Montes del Plata for the integration of a greenfield pulp mill in Punta Pereira, Uruguay. Montes del Plata is an equal share joint venture company between Arauco and Stora Enso. The parties have agreed that the value of the assignment is not disclosed.

The capacity of the new state-of-the-art pulp mill is 1.3 million tonnes per annum and the start up of the mill is planned for the first half of 2013.

Pöyry has been chosen as the supplier of the overall project management, the Engineering, Procurement and Construction Management (EPCM) services for the Balance of Plant (BOP), and the Owners' Engineering services during the project implementation. The engineering and project management services will start immediately.

The contract further strengthens Pöyry's global leadership position in the pulp and paper sector for consulting engineering services.

Pöyry's Industry business group has been awarded an assignment by MWV Rigesa Ltda., Brazil for the expansion of its paperboard mill in Três Barras, Santa Catarina State, Brazil. The assignment consists of contracts for EPC Open Book of the Balance of Plant (BOP) together with the associated EPCM services, and Project Management services for the overall project management support to the client. The total value of Pöyry's contracts is about BRL 325 million (about EUR 144 million) of which a majority consists of the EPC Open Book BOP contract. The contracts have been signed on 7 February 2011. A notice to proceed for the EPC Open Book contract is expected to be received during the first quarter of 2011 after which the value will be booked into the order stock. The new machine is expected to be completed in mid-2012. Due to the nature of the contracts, profit recognition will occur towards the latter part of the project.

MWV Rigesa is expanding its operations at the Três Barras mill including the installation of a new, state-of-the-art paperboard machine that will double the capacity of the existing mill. The new machine will produce 300,000 metric tons per year of kraft linerboard for use in the company's packaging converting operations throughout Brazil. A water management system will enable water efficiency improvements, reducing water consumption per ton of paper produced by 65%. The Rigesa expansion project will support MWV's rapidly growing, integrated corrugated packaging business in Brazil.

"Based on our experience accumulated over many decades in this region, our Brazilian operations have participated in the development of the project throughout all phases from conceptual to basic engineering. We are very pleased to jointly implement this project within a differentiated concept, which further strengthens our relationship with MWV Rigesa. This whole project confirms Pöyry's position as market leader in South America," says Martin Kuzaj, Executive Vice President and President of the Industry business group, Pöyry.

"This expansion project is a testament to MWV's growth strategy in Brazil, and underscores our commitment to lead this growing market with cost-effective and innovative corrugated packaging solutions", said Bob Beckler, President, MWV Rigesa. "It is an investment that creates tremendous value for our customers, consumers, and shareholders of MWV. We have a well designed plan, and look forward to the partnership with Poyry as we execute the project."

"The complexity and opportunities to improve sustainability of the MWV Rigesa expansion project are most exiting for Pöyry. Through close co-operation in our EPC Open Book partnership model MWV Rigesa and Pöyry can jointly realise sustainability improvement objectives. This project is well aligned with Pöyry's vision of Engineering Balanced Sustainability(TM) in large complex projects," says Richard Pinnock, Executive Vice President, Group Strategic Growth, Pöyry.

This assignment reinforces Pöyry's global leadership position in the pulp and paper sector for consulting engineering services.

Pöyry PLC's financial statement release will be published 8 February 2011 at 8:30 a.m. Finnish time. The full year 2010 result will be presented by CEO Heikki Malinen 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 (EET).

10:00 a.m. US EDT (New York)
3:00 p.m. GMT (London)
4:00 p.m. CET (Paris)
5:00 p.m. EET (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 following day.

To attend the conference call please dial
US: +1 877 491 0064
Other countries: +44 20 7162 0025
Conference id: 886734

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

PÖYRY PLC

Pöyry's Industry Business Group has been awarded a basic and detailed engineering contract by Eldorado Celulose e Papel Ltda for the Balance of Plant(BOP) of the 1.5 million t/a bleached eucalyptus market pulp mill to be built in Mato Grosso do Sul state, Brazil. The assignment also includes the suppliers' document management. The value of Pöyry's contract is about 8.4 million EUR. The duration of Pöyry's engineering services is about 14 months.

The contract is a continuation of the pre-engineering and preparatory work for the mill infrastructure that Pöyry was awarded in early 2010 (see stock exchange release of 31 March, 2010).

The concept of the mill is based on the use of the best available technologies and the best environmental practices, which constitute the state-of-the-art level. The technical-environmental criteria established for this project are based on international norms and standards and, mainly, on the Brazilian experience, which will make it possible for the mill to produce more with less use of natural resources, low production costs, progressive environmental impact reduction and minimum work accident risks.

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

PÖYRY PLC

Additional information by:

Martin Kuzaj, President, Industry Business Group, Finland

Tel. +358 10 33 21179

Marcelo Handro Cordaro, President, Pöyry Tecnologia Ltda., Brasilia

puh. +55 11 3472 7399

Pöyry's Energy business group has been awarded the engineering, procurement and construction contract for a tall oil plant of Mörrum Mill in Sweden by Södra Cell AB. The value of the assignment is not disclosed. The project will be executed over a period of ten months.

 The assignment includes a 4.2 t/h crude tall oil plant with auxiliaries based on the HDS® (Hydro Dynamic Separation) technology, which is Pöyry´s proprietary know-how. Similar technology based equipment has already been installed in the 20 most modern pulp mills in Europe, the USA, Canada and China. Currently, Pöyry has one similar project under construction in Austria. The plant has high yield, good availability and low maintenance costs and it produces high-quality crude tall oil.

Södra Cell AB is one of the world's leading suppliers of paper pulp. The Group has five pulp mills; Mönterås, Mörrum and Varö in Sweden and Tofte and Folla in Norway.

PÖYRY PLC

Additional information by:

Ari Asikainen, President, Energy business group, Pöyry PLC, Finland

Tel. +358 10 33 24476

Tero Vainiomäki, Vice President, Project Management, EPC projects, Pöyry Finland Oy, Energy business unit

Tel. +358 10 33 24538

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, urban & mobility and water & environment. Pöyry has 7000 experts and the local office network in about 50 countries. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki. (Pöyry PLC: POY1V).

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www.poyry.com