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2015-09-16

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

PÖYRY PLC Press Release 16 September 2015 at 4.00 pm (EEST)

Pöyry awarded EPCM services assignment for state-of-the-art pulp mill, Fibria,
Brazil

Fibria, the largest eucalyptus pulp producer in the world, has awarded Pöyry
with the assignment for the Engineering, Procurement and Construction
Management (EPCM) services for the Balance of Plant (BOP) of the Horizonte 2
project in Brazil. The services cover the required interconnection between
all process areas, turbo generators and steam distribution system, water
intake and effluent outfall systems, cooling towers, air compressors, chilled
water system, central air conditioning for the mill and other complementary
systems.

The annual target capacity for the mill is 1.75 million tonnes of
eucalyptus-baled bleached pulp and the start-up is planned for the fourth
quarter of 2017. The new pulp mill will be located in Três Lagoas, Mato
Grosso do Sul State, where Fibria already has the Horizonte 1 pulp mill
producing 1.3 MADtB/a since 2009. For Horizonte 1, Pöyry was responsible for
the concept development and environmental studies, as well as for the BOP and
EPCM services and overall project management.

This state-of-the-art mill is based on the use of best available technologies
and best environmental practices. With this expansion, Fibria's total
production capacity will increase from 5.3 million to more than 7 million
tons of pulp per year. The existing mill is already self-sufficient in energy
production and the Horizonte 2 Project will produce a surplus of 120 MWH.

Pöyry has been involved in the project since January 2011 when it was awarded
an assignment by Fibria for the environmental and conceptual studies for the
project.

"This assignment strengthens Pöyry's position as the world's leading pulp and
paper engineering consultancy, and is the result of bringing together
expertise from across a number of complementary disciplines within Pöyry"
says Marcelo Cordaro, President of Pöyry's Regional Operations Latin America.

The value of the order is not disclosed. The order will be recognised in the
Regional Operations, Latin America Business Line order stock in Q3/2015.

For further information, contact:

Marcelo H. Cordaro
President, Regional Operations Latin America
Tel. +55 11 34727398

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).

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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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