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Finland's Poyry signs largest ever services agreement

Poyry's Forest Industry business group has signed the services agreement regarding the implementation of a greenfield bleached kraft pulp mill of VCP - MS Celulose Sul Mato-Grossense Ltda (new corporate name of Chamflora - Tres Lagoas Agroflorestal Ltda) in the state of Mato Grosso do Sul in Brazil, now belonging to VCP - Votorantim Celulose e Papel SA as part of their asset swap with International Paper on February 1, 2007. The mill is expected to start up in the beginning of 2009. The value of the agreement is approximately EUR 54 million and it is the largest services agreement ever in Poyry's history.



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