Pöyry awarded Euro 8 million contract for supporting services for the Eldorado pulp mill project in Brazil

HELSINKI, April 19, 2011 (Press Release) - Pöyry's Industry Business Group has been awarded a contract for supporting services for the overall project and construction management by Eldorado Celulose e Papel Ltda for its 1.5 million t/a bleached eucalyptus market pulp mill to be built in Mato Grosso do Sul state, Brazil. The value of Pöyry's contract is ca. EUR 8 million and the expected execution period is approximately 18 months. The value of the contract will be included in the order stock of the second quarter 2011.

Pöyry has been involved in the project since March 2010 when Eldorado awarded Pöyry a contract for pre-engineering and preparatory work for mill infrastructure. In January 2011 Pöyry was also awarded a basic and detail engineering contract for the pulp mill (see stock exchange releases of 31 March, 2010 and 13 January, 2011).

The concept of the mill is based on the use of the best available technologies and the best environmental practices, which constitute a state-of-the-art level pulp mill. Using existing eucalyptus plantations as raw material, the mill will produce more with less use of natural resources, at low production costs, progressive environmental impact reduction and minimum risks of accidents at work.

The contract strengthens Pöyry's position as the leading project management and engineering solutions provider for the pulp and paper sector in the world.