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Pöyry awarded engineering contract for FNsteel

Pöyry's Industry business group has been awarded an engineering contract for blast furnace repair project by FNsteel Oy Ab in Koverhar, Finland. The value of the contract is about EUR 1 million. The order value has been booked into the second quarter 2011 order stock.

Pöyry's assignment includes detail engineering and project services including procurement management and safety services for modernization of blast furnace, charging system and related peripheral equipment. Focus of the Koverhar Blast Furnace repair project is to increase the pressure and the blast temperature, which in turn cut the mill's energy consumption and carbon dioxide emissions.

FNsteel manufactures and processes steel products. Its products include wire rods and wire strands. FNsteel Oy Ab operates as a subsidiary of Hombergh Holdings B.V.

This project is a natural continuation of the long-term cooperation between FNsteel (former Ovako Wire) and Pöyry. This assignment strengthens Pöyry's position as provider of engineering and project services to the minerals and metals processing industries.

Additional information by:
Tuukka Sormunen, President, Business Area Chemicals, Pöyry Finland Oy
Tel. +358 10 33 22128

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 7,000 experts and a local office network in about 50 countries. Pöyry's net sales in 2010 were EUR 682 million and the company's shares are quoted on NASDAQ OMX Helsinki.
(Pöyry PLC: POY1V).

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