STOCK EXCHANGE RELEASE 20 Jul 2010
Pöyry awarded EUR 5 million engineering contract for aluminium rolling mill project in Brazil
PÖYRY PLC Company Announcement 20 July 2010 at 10.30 a.m.
Novelis do Brasil Ltda has awarded Pöyry a contract covering basic and detail engineering for expansion of their aluminium rolling mill in the city of Pindamonhangaba in the state of Sao Paulo, Brazil. The value of Pöyry's assignment is over EUR 5 million and its duration will be about two years. The project has been included in Pöyry's order stock for the second quarter of 2010.
The production of the aluminium rolling mill will be increased from 400 000 t/a to 600 000 t/a. The final investment decision announced last May is USD 300 million.
Novelis is a Canadian corporation formed in January 2005 as a spin-off from Alcan Inc. In early 2007, Novelis was acquired by Hindalco Industries Limited, part of the Aditya Birla Group. Novelis is present in 11 countries and has more than 12 000 employees in 32 manufacturing plants.
Additional information by:
Martin Kuzaj, President, Industry Business Group, Pöyry PLC, Finland
Tel. +358 10 33 21179
Marcelo Handro Cordaro, President, Pöyry Tecnologia Ltda., Brazil
Tel. +55 11 3472 6955
Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).
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