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PRESS RELEASE 19 May 2015

Pöyry awarded engineering assignment for Kotkamills folding boxboard machine project in Kotka, Finland

 
PÖYRY PLC          Press Release 19 May 2015 at 10 am (EEST)
 
Pöyry awarded engineering assignment for Kotkamills folding boxboard machine project in Kotka, Finland 

Kotkamills has awarded Pöyry with the assignment for engineering consultancy, laser scanning, 3D modelling, detail engineering and site services for the folding boxboard machine project at their Kotka Mill in Finland. The assignment is a continuation of the pre-feasibility services performed by Pöyry and it covers the majority of the required engineering services related to the implementation of the project.
 
With a focus on environmental sustainability, this project responds to growing customer demand by introducing high-quality recyclable barrier board to the market. Unlike other generally used plastic-coated boards, the barrier board of Kotkamills can be recycled without any special measures. By converting the paper machine product to packaging boards, Kotkamills will secure its position as a globally significant manufacturer of forest industry products. Following the conversion into a board machine, Kotka Mill's capacity will be about 400,000 tonnes per year of folding boxboard.
 
The conversion work is planned to take place during the second quarter of 2016. The board machine is scheduled to start up by the end of June 2016.
 
"We are very pleased to be able to continue our productive co-operation with Pöyry, one of the few engineering companies who knows paper industry throughout and can fulfil the whole expertise portfolio needed in this kind of wide project with various innovative process parts", says Markku Hämäläinen, CEO of Kotkamills Oy. 
 
"This project is a continuation of the co-operation between Kotkamills and Pöyry. Developing long term partnerships is a benefit for both; client and Pöyry. We are proud to be a part of this innovative project that emphasises balanced sustainability, which is at the heart of our business. This project further strengthens Pöyry's position as the world's leading pulp and paper engineering consultancy", says Nicholas Oksanen, President, Industry Business Group.
 
The value of the order is not disclosed. The order will be recognised within the Industry Business Group order stock in Q2/2015.
 
For further information, contact:
 
Pekka Eskelinen 
Senior Vice President, Industry Pulp and Paper Finland
Tel: +358 10 33 23636
 
Nicholas Oksanen
President, Industry Business Group
Tel: +358 10 33 22294
 
Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting 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 and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2014 were EUR 571 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).