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2015-09-29

Pöyry Oyj: Pöyry awarded permitting engineering assignment by Siberwood for greenfield pulp mill in Russia

PÖYRY PLC Press release 29 September 2015 at 5 pm (EEST)

Pöyry awarded permitting engineering assignment by Siberwood for greenfield
pulp mill in Russia

LLC Siberwood has awarded Pöyry with the 'Proekt', i.e. permitting engineering
assignment for the construction of a new modern integrated pulp mill in the
Krasnoyarskiy region in Russia. 'Proekt' is an official stage in the
approval process of construction projects in Russia. The assignment shall be
completed by April 2016.

The pulp mill will produce northern bleached softwood kraft pulp (NBSK),
bleached hardwood kraft pulp (BHKP) and dissolving pulps. The overall
capacity will be 900 000 t/year. The mill will be self-sufficient in heat and
electrical power. Construction shall be completed by 2019. The Siberwood
project has been evaluated as a priority project by the Administration of
Krasnoyarsk Region. By using Best Available Technology (BAT) that meets
International and Russian Environmental Regulations, the project will
contribute to improved living standards for local citizens.

"Our purpose is to realize a greenfield pulp mill project which shall become
globally significant and indeed the biggest in Russia. For production of
about 1 million tons of finished products, the mill will consume around 5
million m3 of low-grade wood currently unutilized in the region. In this
respect, the new pulp mill will provide sanitary effect to the region's
forest cluster. In the future, the modern complex shall become a platform for
development of satellite biotechnological production facilities", says Sergey
Malkov, CEO of LLC Siberwood.

"Pöyry is delighted to participate in such a significant project. With our
combination of world class expertise and deep local understanding, we are
able to support this very interesting project", says Nicholas Oksanen,
Pöyry's President, Industry Business Group.

The value of the order is not disclosed. The order was recognised within the
Industry Business Group order stock in Q3/2015.

Additional information by:

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

Aleksandre Wartomo
Head of Pulp&Paper, Russia
Tel: +48 42 63 80 421

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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