Pöyry awarded BRL 325 million (about EUR 144 million) assignment in a paperboard project in Brazil
(Thomson Reuters ONE) -
PÖYRY PLC Company Announcement 8 February 2011 at 8.00 a.m.
Pöyry's Industry business group has been awarded an assignment by MWV Rigesa
Ltda., Brazil for the expansion of its paperboard mill in Três Barras, Santa
Catarina State, Brazil. The assignment consists of contracts for EPC Open Book
of the Balance of Plant (BOP) together with the associated EPCM services, and
Project Management services for the overall project management support to the
client. The total value of Pöyry's contracts is about BRL 325 million (about EUR
144 million) of which a majority consists of the EPC Open Book BOP contract. The
contracts have been signed on 7 February 2011. A notice to proceed for the EPC
Open Book contract is expected to be received during the first quarter of 2011
after which the value will be booked into the order stock. The new machine is
expected to be completed in mid-2012. Due to the nature of the contracts, profit
recognition will occur towards the latter part of the project.
MWV Rigesa is expanding its operations at the Três Barras mill including the
installation of a new, state-of-the-art paperboard machine that will double the
capacity of the existing mill. The new machine will produce 300,000 metric tons
per year of kraft linerboard for use in the company's packaging converting
operations throughout Brazil. A water management system will enable water
efficiency improvements, reducing water consumption per ton of paper produced by
65%. The Rigesa expansion project will support MWV's rapidly growing, integrated
corrugated packaging business in Brazil.
"Based on our experience accumulated over many decades in this region, our
Brazilian operations have participated in the development of the project
throughout all phases from conceptual to basic engineering. We are very pleased
to jointly implement this project within a differentiated concept, which further
strengthens our relationship with MWV Rigesa. This whole project confirms
Pöyry's position as market leader in South America," says Martin Kuzaj,
Executive Vice President and President of the Industry business group, Pöyry.
"This expansion project is a testament to MWV's growth strategy in Brazil, and
underscores our commitment to lead this growing market with cost-effective and
innovative corrugated packaging solutions", said Bob Beckler, President, MWV
Rigesa. "It is an investment that creates tremendous value for our customers,
consumers, and shareholders of MWV. We have a well designed plan, and look
forward to the partnership with Poyry as we execute the project."
"The complexity and opportunities to improve sustainability of the MWV Rigesa
expansion project are most exiting for Pöyry. Through close co-operation in our
EPC Open Book partnership model MWV Rigesa and Pöyry can jointly realise
sustainability improvement objectives. This project is well aligned with Pöyry's
vision of Engineering Balanced Sustainability(TM) in large complex projects,"
says Richard Pinnock, Executive Vice President, Group Strategic Growth, Pöyry.
This assignment reinforces Pöyry's global leadership position in the pulp and
paper sector for consulting engineering services.
PÖYRY PLC
Additional information by:
Richard Pinnock, Executive Vice President, Group Strategic Growth, Switzerland
Tel. +41 76 356 2410
Martin Kuzaj, President, Industry Business Group, Finland
Tel. +358 10 33 21179
Sanna Päiväniemi, Director, Investor Relations
tel. +358 10 33 23002
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 7000 experts and the local
office network in about 50 countries. Pöyry's net sales in 2009 were EUR 674
million and the company's shares are quoted on NASDAQ OMX Helsinki. (Pöyry PLC:
POY1V).
DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.poyry.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pöyry Oyj via Thomson Reuters ONE
[HUG#1486329]
Unternehmensinformation / Kurzprofil:
Datum: 08.02.2011 - 07:01 Uhr
Sprache: Deutsch
News-ID 51168
Anzahl Zeichen: 5102
contact information:
Town:
Vantaa
Kategorie:
Business News
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