PROJECT

Projects

Environmental Review Summary

Project Number

10441

Company Name

RUSDZHAM, OOO

Date ERS Disclosed

Apr 25, 2001

Country

Russian Federation

Region

Europe

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 13, 2001
Signed : Dec 28, 2001
Invested : Jan 30, 2002

Sector

Glass and Glass Products (Including Glass and Mineral Wool)

Industry

other

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

The project entails the rehabilitation and reconstruction ofan existing plant 335 km east of Moscow in the town of Garokhovets in the Vladimir Region, Russian Federation (the Project). It includes the installation of a furnace with 275 tons/day capacity and three manufacturing lines to produce up to 225 million bottles p.a., producing a wide range of glass bottles. The project will be undertaken by a joint venture company, ZAO Ruscam (the Project Company), which will be jointly owned by Turkiye Sise ve Cam Fabrikalari A.S. of Turkey (Sisecam), one of the world''s top ten glass manufacturers, will own a 51% stake and 49% by local and regional shareholders. The site was previously utilized by a state owned company. Ruscam will create 200 jobs.

Environmental and Social

Conclusion & Monitoring