Pöyry PLC (Finnish: Pöyry Oyj), which merged in 2019 with Swedish company ÅF into AFRY, was an international consulting and engineering firm that served clients globally across the energy and industrial sectors and provided local engineering services in its core markets. Its focus sectors were power generation, transmission, and distribution; forest industries; chemicals and biorefining; mining and metals; transportation and water. It changed its name from Jaakko Pöyry Group in 2006. The company was listed on the Helsinki Stock Exchange and was 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 delivered around 10,000 projects annually including engineering consulting services for major projects such as:
Pöyry operated with four business groups: Energy, Industry, Regional Operations, and Management Consulting. The Pöyry Group had offices in over 45 countries and operated in over 100 countries employing about 6,000 experts.[3]
Financial information
Pöyry's net sales in 2015 were €575 million. The company's shares were quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).[4]
Controversies
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 Laos".[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 stated 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 its subsidiaries were barred from participating in World Bank-funded projects for a period of one year starting 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 ranking
The Engineering News-Record's yearly rank of the largest contractors and design firms internationally, in 2015, ranked Pöyry 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
^"Analysis of Number of Employees - 0FO8.L Legacy". www.macroaxis.com. Retrieved 1 October 2016.
^"Critical review of the Pöyry compliance report about the Xayaburi Dam and the MRC design guidance -Fish and fisheries aspects-" (PDF). assets.panda.org. November 2011. Retrieved 28 January 2015.
^Herbertson, Kirk (26 August 2012). . www.internationalrivers.org. Archived from the original on 2015-06-26. Retrieved 28 January 2015.
pöyry, surname, surname, this, article, relies, excessively, references, primary, sources, please, improve, this, article, adding, secondary, tertiary, sources, find, sources, news, newspapers, books, scholar, jstor, december, 2010, learn, when, remove, this, . For the surname see Poyry surname This article relies excessively on references to primary sources Please improve this article by adding secondary or tertiary sources Find sources Poyry news newspapers books scholar JSTOR December 2010 Learn how and when to remove this template message Poyry PLC Finnish Poyry Oyj which merged in 2019 with Swedish company AF into AFRY was an international consulting and engineering firm that served clients globally across the energy and industrial sectors and provided local engineering services in its core markets Its focus sectors were power generation transmission and distribution forest industries chemicals and biorefining mining and metals transportation and water It changed its name from Jaakko Poyry Group in 2006 The company was listed on the Helsinki Stock Exchange and was headquartered in Vantaa Finland 2 Poyry PLCNative namePoyry OyjTypeJulkinen osakeyhtioTraded asNasdaq Helsinki POY1VIndustryEngineeringFounded1958FounderJaakko PoyryDefunct2019 SuccessorAFRY HeadquartersHelsinki FinlandNumber of locationsOffices in 45 countriesProductsEngineering and project management management consultingServicesManagement Consulting Engineering Services Net incomeEUR 4 million 2015 Number of employees4 881 2019 1 Websitewww poyry comThe company was founded by Jaakko Poyry 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 Poyry delivered 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 plant 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 SwedenContents 1 Organisation 2 Financial information 3 Controversies 4 Company ranking 5 References 6 External linksOrganisation EditPoyry operated with four business groups Energy Industry Regional Operations and Management Consulting The Poyry Group had offices in over 45 countries and operated in over 100 countries employing about 6 000 experts 3 Financial information EditPoyry s net sales in 2015 were 575 million The company s shares were quoted on Nasdaq Helsinki Poyry PLC POY1V 4 Controversies EditIn 2011 Poyry 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 Poyry 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 Laos 6 On 11 June 2012 a number of NGOs filed a complaint to the Ministry of Employment and the Economy in Finland concerning Poyry PLC and Swiss subsidiary Poyry Energy AG relating to the Xayaburi hydropower plant project On 18 June 2013 the ministry released a statement that Poyry complied with OECD guidelines for corporate social responsibility The ministry stated that Poyry s actions served to mitigate the environmental impacts of the project Poyry 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 Poyry Finland a subsidiary of Poyry PLC was handed a sanction of debarment by the World Bank for four distinct cases of fraudulent practices Under the sanction Poyry Finland and its subsidiaries were barred from participating in World Bank funded projects for a period of one year starting 30 September 2015 7 According to a Poyry press release Neither Poyry PLC nor any other subsidiary companies of Poyry 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 Poyry Finland Oy as successor to Poyry Environment Oy was found to have not complied with the Bank s administrative rules No unlawful conduct by Poyry Finland Oy or its employees has been identified in this connection 8 Company ranking EditThe Engineering News Record s yearly rank of the largest contractors and design firms internationally in 2015 ranked Poyry the 35th largest international design firm from projects executed outside its home country CEO and President from 1 January 2016 is Martin a Porta References Edit Analysis of Number of Employees 0FO8 L Legacy www macroaxis com Retrieved 1 October 2016 Poyry corporate website poyry com website Poyry Investor website Critical review of the Poyry compliance report about the Xayaburi Dam and the MRC design guidance Fish and fisheries aspects PDF assets panda org November 2011 Retrieved 28 January 2015 Herbertson Kirk 26 August 2012 Poyry Responds on its Role in the Xayaburi Dam www internationalrivers org Archived from the original on 2015 06 26 Retrieved 28 January 2015 Environment Analyst review of case decision World Bank Sanctions Board s decision relating to a Poyry subsidiary Poyry 1 October 2015 Archived from the original on 2015 10 05 External links EditPoyry com Company profile Jaakko Poyry Poyry on Cleantech Finland website at the Wayback Machine archived 2011 03 15 Retrieved from https en wikipedia org w index php title Poyry amp oldid 1130512849, wikipedia, wiki, book, books, library,
