PROJECT

Projects

Summary of Proposed Investment

Project Number

25996

Company Name

Daido Metal Russia LLC

Date SPI Disclosed

Aug 22, 2007

Country

Russian Federation

Industry

Manufacturing

Projected Board Date

Sep 24, 2007

Status

Completed

Sector

Motor Vehicle Parts

Department

Regional Industry MAS LAC & EUR

Environmental Category

B - Limited

Previous Events

Approved : Nov 7, 2007
Signed : Nov 19, 2007
Invested : Dec 17, 2007

Project Description

The project is to support Daido Metal Co. Ltd.''s (Daido Metal or the sponsor) entry into Russia through the acquisition of LLC ZMZ-Bearings (ZMZ-Bearings or the company), a leading local manufacturer of half bearings for automotive engines. ZMZ-Bearings, which started production of bearings in 1959, is the largest manufacturer of steel and aluminum strip and plain bearings for automobile engines in Russia and the CIS countries. Its major customers are domestic Original Equipment Manufacturers (OEMs) such as Avtovaz, GM- Avtovaz, GAZ and SeverstalAuto.

Sponsor / Cost / Location

Development Impact