Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Pöyry Oyj (HEL:POY1V) PÖYRY PLC Company Announcement 20 October 2008 at 4.00 p.m.
PÖYRY AWARDED EUR 15 MILLION ENGINEERING FRAME AGREEMENT IN SPAIN
Heymo Ingeniería S.A., a Pöyry group company has signed a frame agreement with TECNICAS REUNIDAS S.A. for the engineering of several EPC projects over the next three years. Pöyry's services include front-end, basic and detail engineering, and procurement services. The initial estimated value of the services is EUR 15 million. Heymo Ingeniería is owned 60 per cent by Pöyry and 40 per cent by TECNICAS REUNIDAS.
TECNICAS REUNIDAS is a Spanish general contractor and engineering company and one of the European leaders in oil & gas, refining, petrochemical and power generation projects. This strategically important assignment is a continuation of Pöyry's long-term collaboration with TECNICAS REUNIDAS. Previous assignments have included engineering contracts for several oil refinery units, a cumene plant, engine test centre and hydrogen plants
Pöyry has a long track record in basic engineering, detail engineering, construction supervision and project management for industrial plants in Spain. This agreement further expands Pöyry's service portfolio within the industrial plants sector in Spain.
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2007 amounted to about EUR 720 million and it employs 8000 experts.
PÖYRY PLC
Heikki Malinen President and CEO
Teuvo Salminen Deputy to President and CEO
Additional information by: Richard Pinnock, President, Energy Business Group, Zurich, Switzerland Tel. +41 44 355 55 54 Guillermo Martínez, Managing Director, Heymo Ingeniería, Madrid, Spain Tel. +34 91 382 23 00
www.poyry.com
DISTRIBUTION: NASDAQ OMX Helsinki Major media
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
