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

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

"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
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