Type Public (oyj) Number of employees 4,880 (2016) Founder Jaako Pöyry | Founded 1958 | |
Number of locations Offices in 45 countries Services Management Consulting; Engineering Services; Stock price POY1V (HEL) € 3.12 +0.01 (+0.39%)17 Mar, 6:29 PM GMT+2 - Disclaimer CEO Martin à Porta (1 Jan 2016–) Subsidiaries SwedPower AB, SIA “POYRY” Profiles | ||
Introduction to p yry s nuclear energy services
Pöyry (Nasdaq Helsinki: POY1V) 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.
Contents
- Introduction to p yry s nuclear energy services
- P yry thermal power
- Organisation
- Financial information
- Corporate Responsibility
- Company rankings
- References
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:
P yry thermal power
Organisation
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.
Financial information
Pöyry's net sales in 2015 were EUR 575 million and the company's shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).
Corporate Responsibility
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.” Despite this contention, they concluded “the decision whether or not to proceed with the project rests solely with the Government of Lao”.
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.
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."
Company rankings
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.