Pöyry Oyj : Pöyry awarded mill site engineering contract by UPM

PÖYRY PLCPress release 25 May 2012

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.

PÖYRY PLC

Additional information:
Philipp Elkuch, President, Business Area Central Europe, Energy Business Group
Tel. +41 76 356 20 59
Ari Asikainen, President, Energy Business Group, Finland
Tel. +358 10 33 24476

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
has about 7,000 experts and a local office network in about 50 countries.
Pöyry's net sales in 2011 were EUR 796 million and the company's shares are
quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

DISTRIBUTION:
Major media
www.poyry.com

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Pöyry Oyj via Thomson Reuters ONE
HUG#1614647
 
Press spacebar to pause and continue. Press esc to stop.