Pöyry PLC: Pöyry awarded EPCM services assignment for state-of-the-art greenfield pulp mill, Brazil

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PÖYRY PLC Press release 10 March 2014 at 07:00 am.

Klabin has awarded Pöyry with the assignment for the Engineering, Procurement and Construction Management (EPCM) services for a relevant part of the Balance of Plant (BOP) at the Puma Project in Brazil. The scope of work includes the required interconnection between all process EPCs areas, water intake and effluent outfall systems, cooling tower, central control room, chemicals handling and other complementary systems.

The new, state-of-the-art greenfield pulp mill - "PUMA Project", will be located in Ortigueira, Parana State, in the South of Brazil. Raw material for the mill will be eucalyptus and pinus wood from own plantations in the surrounding area. The annual capacity target for the pulp mill is 1.1 million Air Dry tons (ADt) of eucalyptus-baled bleached pulp and 0.4 million ADt of pine bleached pulp, baled and also converted to fluff.

Pöyry has been involved in the project since January 2012 when it was awarded an assignment for environmental studies and basic engineering by Klabin. Pöyry was also awarded a preparatory work for mill infrastructure.

The Puma Project is the largest investment in Klabin's history. The company that was founded in 1899, already operates 16 industrial plants - 15 in Brazil and one in Argentina, focusing on markets such as packaging paper and board, corrugated packaging and industrial bags.

"This assignment strengthens Pöyry's position as the world's leading pulp and paper engineering consultancy, having delivered projects for 80% of the world's major pulp and paper companies", says Martin Kuzaj, President of Pöyry's Industry Business Group.

The parties have agreed that the value of the assignment is not disclosed. The order will be recognised within the Industry Business Group order stock in the first quarter, 2014.

Additional information by:

Marcelo H. Cordaro

President, Pöyry Tecnologia Ltda., Region Latin America, Brazil

Tel. +55 11 34727398

Martin Kuzaj

President, Industry Business Group, Finland

Tel.: +358 10 33 21179

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire

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