PROJECT

Projects

Environmental Review Summary

Project Number

21643

Company Name

RUSDZHAM, OOO

Date ERS Disclosed

Nov 18, 2003

Country

Russian Federation

Region

Europe

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Feb 4, 2004
Signed : Feb 10, 2004
Invested : Mar 24, 2004

Sector

Glass and Glass Products (Including Glass and Mineral Wool)

Industry

other

Department

Regional Industry MAS LAC & EUR

Project Description

The proposed project is an approximately $35 million expansion of the Ruscam glass bottle production plant at Garokhovets, Russia for which IFC has been asked to provide a loan of up to $17.5 million. The project entails the installation of a third furnace with a capacity of 385 tonnes per day as well as a new raw materials batch plant and four new bottle forming lines. The market for these bottles is the premium beer market in Russia. With the addition of this third furnace, Ruscam will begin to produce green bottles, a new product line. Ruscam is 51.85% owned by Sise ve Cam Group of Turkey with other investors holding the balance.

Environmental and Social

Conclusion & Monitoring