PRESS RELEASE 3 Mar 2005
JAAKKO PÖYRY GROUP TO PROVIDE IMPLEMENTATION ENGINEERING FOR BOARD PRODUCTION LINE AND SHEETING PLANT
JP Engineering Ltd, which is a member of the Jaakko Pöyry Group's Forest Industry business group, has been commissioned by M-real Oyj to provide implementation engineering services for a production and quality upgrade project concerning a board production line and new sheeting plant at the Simpele mill in Finland.
The objective of the upgrade is to raise the production capacity of the board machine at Simpele from the present 170 000 t/a to 215 000 t/a by the end of 2006. The value of the contract is about EUR 1.3 million, in addition to which it includes several options.
The assignment is a continuation of the longstanding co-operation between M-real Oyj and the Jaakko Pöyry Group in several projects implemented in M-real Oyj's mills.
The Jaakko Pöyry Group's Forest Industry business group operates under the brand name Jaakko Pöyry. Its net sales for 2004 were EUR 186 million. The Forest Industry business group has offices in 19 countries and employs 2100 experts worldwide.
JAAKKO PÖYRY GROUP OYJ
Investor Relations Manager
Additional information by:
Tapio Aalto, President, JP Engineering Ltd
Tel. +358 9 8947 3401