STOCK EXCHANGE RELEASE 19 Apr 2011
Pöyry awarded EUR 8.0 million contract for supporting services for the Eldorado pulp mill project in Brazil
PÖYRY PLC Company Announcement 19 April 2011 at 5.30 p.m.
Pöyry's Industry Business Group has been awarded a contract for supporting services for the overall project and construction management by Eldorado Celulose e Papel Ltda for its 1.5 million t/a bleached eucalyptus market pulp mill to be built in Mato Grosso do Sul state, Brazil. The value of Pöyry's contract is ca. EUR 8 million and the expected execution period is approximately 18 months. The value of the contract will be included in the order stock of the second quarter 2011.
Pöyry has been involved in the project since March 2010 when Eldorado awarded Pöyry a contract for pre-engineering and preparatory work for mill infrastructure. In January 2011 Pöyry was also awarded a basic and detail engineering contract for the pulp mill (see stock exchange releases of 31 March, 2010 and 13 January, 2011).
The concept of the mill is based on the use of the best available technologies and the best environmental practices, which constitute a state-of-the-art level pulp mill. Using existing eucalyptus plantations as raw material, the mill will produce more with less use of natural resources, at low production costs, progressive environmental impact reduction and minimum risks of accidents at work.
The contract strengthens Pöyry's position as the leading project management and engineering solutions provider for the pulp and paper sector in the world.
Additional information by:
Martin Kuzaj, President, Industry Business Group, Finland
Tel. +358 10 33 21179
Marcelo Handro Cordaro, President, Pöyry Tecnologia Ltda., Brasilia
puh. +55 11 3472 7399
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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