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Pöyry awarded mill site engineering contract by UPM

PÖYRY PLC          Press 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).

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