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PRESS RELEASE 30 Aug 2016

Pöyry awarded environmental permitting and pre-engineering assignment for Sun Paper's new bio-refining mill project, Arkansas, U.S.

PÖYRY PLC   Press Release 30 August 2016 at 12:30 (EEST)

Pöyry awarded environmental permitting and pre-engineering assignment for Sun Paper's new bio-refining mill project, Arkansas, U.S.

Shandong Sun Paper Industry Joint Stock Co., Ltd. has awarded Pöyry with the environmental permitting and pre-engineering services assignment for a new bio-refining mill project in Arkansas, U.S.

The assignment covers environmental permit application development services and pre-engineering services for the new mill. Local teams in China and the United States together with Pöyry's global resources and know-how will aid Sun Paper in building an efficient, state-of-the-art bio-refining mill.

Headquartered in China's Shandong Province, Sun Paper ranks among the top 500 Chinese enterprises and is one of the world's top pulp and paper makers. The company employs approximately 10,000 people worldwide. The planned investment value will be more than 1 billion USD and the new mill will create around 250 new jobs.

"The key element for our business success is the best team and excellent cooperation partners" says Chairman Li, the CEO of Sun Paper. "The best team can select the right partners, who are able to deliver the best solutions."

"In the United States, there's no green field pulp mill built for nearly 30 years, we know that Pöyry can utilize their global expertise and in-depth knowhow to help us to build the world class energy efficient, operating cost effective and environmental friendly state-of-the-art bio-refining mill" adds Guangdong Ying, Chief Engineer and Deputy General Manager, Sun Paper.

"We are proud to be Sun Paper's selected partner in this global project. By executing this project using our combined Asian, North American and European resources we're able to provide Sun Paper the best engineering solutions and technological knowledge" says Nicholas Oksanen, President of Pöyry's Industry Business Group. "This project further strengthens Pöyry's position as the world's leading pulp and paper engineering consultancy."

The value of the order is not disclosed. The order is recognised within Pöyry's order stock in Q3/2016.

Contact

Nicholas Oksanen
President, Industry Business Group
Pöyry
Tel: +358 10 33 22294

Han Yanyan
Business Development Director Industry Asia
Pöyry
Tel: +86 21 61 159 660

Larry Londo
Vice President Business Development
Regional Operations North America
Pöyry
Tel: +1 920 954 2213

Did you know? Pöyry's experts help to deliver over 10,000 successful projects every year, and have made a significant contribution to 90% of the world's largest pulp mills.
www.poyry.com/sectors/industry/pulp-paper

About Pöyry

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 2015 were EUR 575 million and the company's shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).

www.poyry.com