Pöyry

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Pöyry
Public (oyj)
Industry Engineering
Founded 1958
Founder Jaakko Pöyry
Number of locations
Offices in 45 countries
Products Engineering and project management, management consulting
Services Management Consulting; Engineering Services;
Number of employees
4,880 (2016)[1]
Website www.poyry.com

Pöyry (Nasdaq HelsinkiPOY1V) is an international consulting and engineering firm that serves clients globally across the energy and industrial sectors and provides local engineering services in its core markets. Its focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. It changed its name from Jaakko Pöyry Group in 2006. The company is listed on the Helsinki Stock Exchange and is headquartered in Vantaa, Finland.[2]

The company was founded by Jaakko Pöyry who spearheaded its growth from a small engineering office in Finland to a global corporation in his special field of interest, the forest products industry.

Pöyry delivers around 10,000 projects annually including engineering consulting services for major projects such as:

  • The world's longest traffic tunnel, the Gotthard Base Tunnel in Switzerland
  • The world's largest combined power and desalination plan, Ras al-Khair in Saudi Arabia
  • The first hydropower dam on the lower Mekong river, the Xayaburi Dam in Laos
  • The largest and most energy efficient waste-to-energy plant in Finland, Vantaa Energy, Finland
  • One of the world's most advanced sewage systems, Emscher, Germany
  • The world's largest single-line pulp mill, Eldorado, Brazil
  • One of the world's largest offshore wind farms, Lillgrund Wind Farm, Sweden

Organisation[edit]

Pöyry operates with four business groups; Energy, Industry, Regional Operations and Management Consulting. The Pöyry Group has offices in over 45 countries and operates in over 100 countries employing about 6,000 experts.[3]

Financial information[edit]

Pöyry's net sales in 2015 were EUR 575 million and the company's shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).[4]

Corporate Responsibility[edit]

In 2011, Pöyry was commissioned by the Government of Laos (GoL) to review whether GoL had complied with the guidelines of the Mekong River Commission in their commencement of the controversial Xayaburi Dam Project (the first major hydropower dam on the mainstream of the lower Mekong). Pöyry’s conclusion was that “Xayaburi HPP has principally been designed in accordance with the applicable MRC Design Guidelines”. However, they later go on to state “With additional investigations…it should be possible to fully meet the MRC Design Guidelines requirements relating to the Xayaburi HPP.”[5] Despite this contention, they concluded “the decision whether or not to proceed with the project rests solely with the Government of Lao”.[6]

On 11 June 2012, a number of NGOs filed a complaint to the Ministry of Employment and the Economy in Finland, concerning Pöyry PLC and Swiss subsidiary Pöyry Energy AG, relating to the Xayaburi hydropower plant project. On 18 June 2013, the Ministry released a statement that Pöyry complied with OECD guidelines for Corporate Social Responsibility. The Ministry also states that Pöyry's actions served to mitigate the environmental impacts of the project. Pöyry acted as a technical consultant to the Lao government, however did not participate in the assessment of the environmental and social impact or in the decision making process.

On 1 October 2015, Pöyry Finland, a subsidiary of Pöyry PLC, was handed a sanction of debarment by the World Bank for four distinct cases of “fraudulent practices”. Under the sanction Pöyry Finland and any of its subsidiaries will be unable to participate in World Bank-funded projects for a period of one year starting on the 30 September 2015.[7]

According to a Pöyry press release, "Neither Pöyry PLC nor any other subsidiary companies of Pöyry PLC are affected by this sanction, and remain eligible to participate in World Bank Group financed projects. The decision relates to a water sector project in Vietnam in 2008, where Pöyry Finland Oy (as successor to Pöyry Environment Oy) was found to have not complied with the Bank's administrative rules. No unlawful conduct by Pöyry Finland Oy or its employees has been identified in this connection."[8]

Company rankings[edit]

The Engineering News-Record provides a yearly rank of the largest contractors and design firms internationally. In 2015, Pöyry was ranked the 35th largest international design firm from projects executed outside its home country.

CEO and President from 1, January 2016 is Martin à Porta.

References[edit]

  1. ^ [1] accessed 1 October 2016
  2. ^ "Poyry corporate website". 
  3. ^ poyry.com website
  4. ^ "Poyry Investor website". 
  5. ^ [2] accessed 28 January 2015
  6. ^ [3] accessed 28 January 2015
  7. ^ "Environment Analyst review of case decision". 
  8. ^ "Pöyry press release". 

External links[edit]