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2016-12-15

Pöyry Oyj: Pöyry awarded implementation engineering assignment for board machine project in Sweden

PÖYRY PLC Press Release 15 December 2016 at 12:00 pm (EET)

BillerudKorsnäs has awarded Pöyry with the detailed mill engineering services
assignment for the new board machine project in their production site in
Gruvön, Sweden. The assignment includes detail engineering services for all
disciplines as well as field engineering, to be carried out between 2016 and
Q1/2019. The total investment cost is 5.7 billion SEK including the
construction of a new board machine at the Gruvön production site and
rebuilds in the existing pulp mill.

BillerudKorsnäs is a leading supplier of renewable fibre-based packaging
materials and solutions, and is one of the world leaders in liquid packaging
board and other virgin fibre cartonboard. Smart packaging solutions can
reduce dependence on fossil fuels, reduce climate impact and littering, and
also increase food safety. Demand for sustainable solutions is growing around
the world as increasing numbers of brand owners, food retailers and consumers
make conscious choices. The new machine will become one of the most cost
efficient in the world with a capacity of approximately 550 000 t/a of liquid
packaging board, cartonboard, food service board and liner. Pöyry has been
involved in all the pre-project engineering phases since 2014 to develop the
investment plan into a viable technical concept together with
BillerudKorsnäs.

"This investment is the biggest in the history of BillerudKorsnäs and gives us
a solid foundation for continuing to challenge conventional packaging for a
sustainable future. We like big challenges like this project and we make sure
to have the best possible partners when undertaking such tasks. That is why
we are happy for a continued partnership with Pöyry," says Ulf Eliasson,
Senior Vice President Consumer Board and Project owner at BillerudKorsnäs.

"We are proud to continue as the selected partner of BillerudKorsnäs with the
investigation and implementation of this strategically important development
opportunity. Our strong competence has enabled BillerudKorsnäs to create the
technical concept for the cost efficient and technically high-class
investment. The basis for success is the mutual trust between the project
teams of BillerudKorsnäs and Pöyry," says Nicholas Oksanen, President of
Pöyry's Industry Business Group.

The value of the order is not disclosed. The order was recognised within the
Industry Business Group order stock in Q4/2016.

PÖYRY PLC

Contact

Nicholas Oksanen
President, Industry Business Group,
Pöyry
Tel: +358 10 33 22294

Johan Ehrnrooth
Vice President, Global Key Accounts
Pöyry
Tel: +358 10 33 22750

Did you know?
Pöyry's experts help to deliver over 10,000 successful projects every year,
and have made a significant contribution to 90% of the world's largest pulp
mills.
www.poyry.com/sectors/industry/pulp-paper

About Pöyry

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 2015 were EUR 575 million and the company's
shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).

www.poyry.com

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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