Pöyry has been awarded an EPCM services assignment by Yara, Norway

PÖYRY PLC    Press Release 22 January 2015 at 10 am (EET)

Pöyry has been awarded an EPCM services assignment by Yara, Norway

Yara has awarded to Pöyry the Engineering, Procurement and Construction Management (EPCM) services assignment for a project aimed at increasing capacity of fertilizer production in Porsgrunn, Norway. Pöyry's scope of work includes engineering, procurement services, construction management services and the overall coordination and management of the project. The assignment started early January 2015 and is scheduled to be completed by the end of 2016.

NPK (Nitrogen, Phosphorous, and Potash (Potassium)) and calcium nitrate are key value-added fertilizers in Yara's product portfolio, which benefit cash crops in particular. Yara will with this project increase production of Calcium Nitrate fertilizer products at their existing Yara Porsgrunn facilities. Expansions / modifications in both the existing NPK2 and NPK3 plants as well as in the existing calcium nitrate plant will be required to obtain such increase. Additional storage facilities are also required and the services described will also support such additional storage facilities.

"This project is a continuation of the long-term partnership between Yara and Pöyry. The project strengthens Pöyry's position in Norway and further contributes to our strategic position as an EPCM service provider for the global chemicals industry", says Kay Radtke, Pöyry's Head of Chemicals & Biorefining.

The value of the order is not disclosed. The order will be recognised within the Industry Business Group order stock in Q1/2015.

PÖYRY PLC

Additional information by:

Kay Radtke
Head of Chemicals & Biorefining, Industry Business Group
+49 221 9128 43 0

Tuukka Sormunen
Head of Chemicals & Biorefining, Northern Europe
+358 10 33 22128

Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and locally in our core markets. We deliver strategic advisory 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 2013 were EUR 650 million and the company's shares are quoted on Nasdaq OMX Helsinki (Pöyry PLC: POY1V).