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PRESS RELEASE 16 Sep 2015

Pöyry awarded EPCM services assignment for state-of-the-art pulp mill, Fibria, Brazil

PÖYRY PLC   Press Release   16 September 2015 at 4.00 pm (EEST)

Pöyry awarded EPCM services assignment for state-of-the-art pulp mill, Fibria, Brazil

Fibria, the largest eucalyptus pulp producer in the world, has awarded Pöyry with the assignment for the Engineering, Procurement and Construction Management (EPCM) services for the Balance of Plant (BOP) of the Horizonte 2 project in Brazil. The services cover the required interconnection between all process areas, turbo generators and steam distribution system, water intake and effluent outfall systems, cooling towers, air compressors, chilled water system, central air conditioning for the mill and other complementary systems.

The annual target capacity for the mill is 1.75 million tonnes of eucalyptus-baled bleached pulp and the start-up is planned for the fourth quarter of 2017. The new pulp mill will be located in Três Lagoas, Mato Grosso do Sul State, where Fibria already has the Horizonte 1 pulp mill producing 1.3 MADtB/a since 2009. For Horizonte 1, Pöyry was responsible for the concept development and environmental studies, as well as for the BOP and EPCM services and overall project management.

This state-of-the-art mill is based on the use of best available technologies and best environmental practices. With this expansion, Fibria's total production capacity will increase from 5.3 million to more than 7 million tons of pulp per year. The existing mill is already self-sufficient in energy production and the Horizonte 2 Project will produce a surplus of 120 MWH.

Pöyry has been involved in the project since January 2011 when it was awarded an assignment by Fibria for the environmental and conceptual studies for the project.

"This assignment strengthens Pöyry's position as the world's leading pulp and paper engineering consultancy, and is the result of bringing together expertise from across a number of complementary disciplines within Pöyry" says Marcelo Cordaro, President of Pöyry's Regional Operations Latin America.

The value of the order is not disclosed. The order will be recognised in the Regional Operations, Latin America Business Line order stock in Q3/2015.

For further information, contact:

Marcelo H. Cordaro
President, Regional Operations Latin America
Tel. +55 11 34727398

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).