Pöyry Oyj: Pöyry awarded engineering and site services assignment for Stora Enso Varkaus pulp mill rebuild and paper machine

 Pöyry Oyj: Pöyry awarded engineering and site services assignment for Stora     Enso Varkaus pulp mill rebuild and paper machine conversion project in                                    Finland.  PÖYRY PLC     Press release 11 June 2014 at 10:00 am.  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.  Additional information by:  Nicholas Oksanen President, Pulp and Paper, Industry Business Group Tel: +358 10 33 22294  Martin Kuzaj President, Industry Business Group Tel: +358 10 33 21179  Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and locally in our core markets. We deliver strategic advisory and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation, water and real estate. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2013 were EUR 650 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).  ------------------------------------------------------------------------------  This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Pöyry Oyj via Globenewswire HUG#1791747  
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