STOCK EXCHANGE RELEASE 23 Mar 2011
Pöyry awarded EPCM, Project Management and Owners' Engineering contracts for a new pulp mill project in Uruguay
PÖYRY PLC Company Announcement 23 March 2011 at 9.15 a.m.
Pöyry's Industry business group has been awarded services contracts by Montes del Plata for the integration of a greenfield pulp mill in Punta Pereira, Uruguay. Montes del Plata is an equal share joint venture company between Arauco and Stora Enso. The parties have agreed that the value of the assignment is not disclosed.
The capacity of the new state-of-the-art pulp mill is 1.3 million tonnes per annum and the start up of the mill is planned for the first half of 2013.
Pöyry has been chosen as the supplier of the overall project management, the Engineering, Procurement and Construction Management (EPCM) services for the Balance of Plant (BOP), and the Owners' Engineering services during the project implementation. The engineering and project management services will start immediately.
The contract further strengthens Pöyry's global leadership position in the pulp and paper sector for consulting engineering services.
Additional information by:
Nicholas Oksanen, President, Pulp and Paper Industry, Industry business group, Finland
Tel. +358 10 33 22294
Martin Kuzaj, President, Industry business group, Finland
Tel. +358 10 33 21179
Sanna Päiväniemi, Director, Investor Relations, Finland
tel. +358 10 33 23002
Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business. With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7,000 experts and a local office network in about 50 countries. Pöyry's net sales in 2010 were EUR 682 million and the company's shares are quoted on the NASDAQ OMX Helsinki. (Pöyry PLC: POY1V).
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