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PRESS RELEASE 29 Sep 2015

Pöyry awarded permitting engineering assignment by Siberwood for greenfield pulp mill in Russia

PÖYRY PLC   Press release 29 September 2015 at 5 pm (EEST)

Pöyry awarded permitting engineering assignment by Siberwood for greenfield pulp mill in Russia

LLC Siberwood has awarded Pöyry with the 'Proekt', i.e. permitting engineering assignment for the construction of a new modern integrated pulp mill in the Krasnoyarskiy region in Russia.  'Proekt' is an official stage in the approval process of construction projects in Russia. The assignment shall be completed by April 2016.

The pulp mill will produce northern bleached softwood kraft pulp (NBSK), bleached hardwood kraft pulp (BHKP) and dissolving pulps. The overall capacity will be 900 000 t/year. The mill will be self-sufficient in heat and electrical power. Construction shall be completed by 2019. The Siberwood project has been evaluated as a priority project by the Administration of Krasnoyarsk Region. By using Best Available Technology (BAT) that meets International and Russian Environmental Regulations, the project will contribute to improved living standards for local citizens.

"Our purpose is to realize a greenfield pulp mill project which shall become globally significant and indeed the biggest in Russia. For production of about 1 million tons of finished products, the mill will consume around 5 million m3 of low-grade wood currently unutilized in the region. In this respect, the new pulp mill will provide sanitary effect to the region's forest cluster. In the future, the modern complex shall become a platform for development of satellite biotechnological production facilities", says Sergey Malkov, CEO of LLC Siberwood.

"Pöyry is delighted to participate in such a significant project. With our combination of world class expertise and deep local understanding, we are able to support this very interesting project", says Nicholas Oksanen, Pöyry's President, Industry Business Group.

The value of the order is not disclosed. The order was recognised within the Industry Business Group order stock in Q3/2015.

Additional information by:

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

Aleksandre Wartomo
Head of Pulp & Paper, Russia
Tel: +48 42 63 80 421

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).