PÖYRY PLC Press Release 16 March 2017 at 10:30 am (EET)
Synthomer (Synthomer Deutschland GmbH) has awarded Pöyry with the detail engineering services assignment for the revamp of its dispersion plant in Worms, Germany. The assignment includes detail engineering services for all disciplines as well as Health, Safety and Environment (HSE) management, permitting engineering, cost control and project scheduling. Project completion is expected in the course of the third quarter 2018.
Synthomer develops and markets polymers used in a wide range of industries to create and enhance everyday consumer products. It holds leading positions in its chosen markets and has a proven record to generate added value to its customers through in-depth application know-how and strong R&D support.
Synthomer's EUR 20 million total investment cost (TIC) adds several new and fully automated production lines for acrylic dispersions. The plant extension strengthens the company's continuous growth in paints & coatings, construction chemicals, technical textiles as well as adhesives and sealants.
The investment will add 30,000 tonnes to its existing capacity. The high flexibility of the newly constructed lines enables further organic growth in the specialty segments, since more than 25% of the new capacity will be utilised by innovative, highly environmentally friendly products.
"The expansion will allow shorter supply lead times and meet highest production and quality standards. This investment further strengthens Synthomer's pan-European dispersion plant network across the United Kingdom, Germany, Czech Republic, France, Italy and Spain," says Dr. Christoph Breuker, Synthomer, Vice President EMEA.
"Pöyry's safety focus together with our excellence in chemical engineering provided by our German team supported by Pöyry's international organisation aligns very well with Synthomer's high value expectations", says Kay Radtke, President of Pöyry's Chemicals & Biorefining business.
The value of the order is not disclosed. The order was recognised within the Industry Business Group order stock in Q1/2017.
PÖYRY PLC
Contact
Nicholas Oksanen
President, Industry Business Group,
Pöyry
Tel: +358 10 33 22294
Kay Radtke
President, Chemicals & Biorefining
Pöyry
Tel: +49 172 4476 224
Did you know? Pöyry has delivered process engineering excellence for over 55 years
www.poyry.com/sectors/industry/chemicals-biorefining (http://www.poyry.com/sectors/industry/chemicals-biorefining%20)
About Pöyry
Pöyry is an international consulting and engineering company. We deliver smart solutions across power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry's net sales in 2016 were EUR 530 million. The company's shares are quoted on Nasdaq Helsinki (POY1V). Approximately 5500 experts. 40 countries. 130 offices.
www.poyry.com (http://www.poyry.com)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire
