Project description
and objectives:
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The proposed project envisages the launch of new corrosion protection services
and further regional expansion of the Company. Investment programme is staged
into two phases.
Phase 1 consists of investment in equipment for corrosion protection and
fireproofing of oil and gas platforms, the development and introduction of a
new high-tech corrosion protection service to the Russian market.
Phase 2 envisages investments in additional equipment and acquisitions to
enhance the Company’s geographic reach and increase its customer base.
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Transition impact:
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The proposed project contributes to adoption of the international corrosion
protection standards by Russian companies and introduction of the new
high-tech corrosion protection services. New level of cooperation with
industry leaders (D&F (Norway), Kiess(Gemany) and joint participation in
international projects will help transfer skills and technologies, as well as
introduction of the best industry practices in quality, health and safety
control.
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The client:
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VYSO is a specialised provider of comprehensive corrosion protection services
for metal and concrete structures. The company is located in Urals in the town
Revda, 45 kilometres from Yekaterinburg. The Company is among top three
players in the industry in Russia.
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EBRD finance:
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EBRD will provide up to USD 12 million financing as an equity investment and
a loan facility.
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Total project cost:
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USD 17 million.
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Environmental impact:
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The project is screened B/1. An Environmental Analysis and an environmental
audit were carried out by independent consultants. The results of the
investigations confirmed that the Company’s operations, including compliance
with relevant regulatory requirements for environment and health and safety,
are satisfactory and any impacts associated with the proposed project can be
minimised through the implementation of the mitigation measures identified in
the Environmental Analysis. As result of the Environmental Audit an
Environmental Action Plan (EAP) has been developed to bring the Company's
existing manufacturing and service activities into compliance with the
national and international standards.
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Technical
cooperation:
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Market and operational due diligence funded by Great Britain Trust Funds of
EUR 30,000.
Environmental analysis and audit funded by Great Britain Trust Funds of EUR
13,000.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Andrey Mikhailov, Chief Executive Officer
Email: vyso@vyso.ru
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EBRD contact:
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Tatyana Yemboulaeva, Operation Leader: yemboult@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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