Project description
and objectives:
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The Bank’s investment will support the construction and operation of a greenfield plant, which will accommodate an integrated production line (from welding to assembly) for construction and utility equipment. This investment is part of Komatsu’s development strategy in emerging markets.
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Transition impact:
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The transition impact potential of the Project is derived primarily from channelling advanced technologies and know-how as well as crucial managerial, organisational, marketing, financial and other skills into the Russian construction machinery sector. This will have benefits which are expected to reach well beyond the boundaries of the project itself.
The Project will also
(i) provide a modern and environmentally clean production of construction equipment; and
(ii) support increased environmental standards in the Russian construction machinery sector.
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The client:
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OOO Komatsu Manufacturing Russia a greenfield construction machinery production plant in Russia owned (via a 100% subsidiary) by Komatsu Ltd, the world’s second largest manufacturer of construction machinery.
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EBRD finance:
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The EBRD will provide an equity investment of USD 8 million to Komatsu Manufacturing Russia.
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Total project cost:
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Total project will be approximately USD 100 million.
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Environmental impact:
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Screened B/0 (2003). An Environmental Analysis, undertaken by independent consultants, and a site visit by the Bank's Environmental Specialist, confirmed that the new production and assembly facilities at Yaroslavl will be constructed and operated to Komatsu's high environmental standards and will be in compliance with similar plants in Europe and best international environmental practice. New plant and equipment will be commissioned under the supervision of Komatsu. The Company sets very high environmental, health and safety standards for its suppliers. The Environmental Impact Assessment (OVOS) process has been completed and has received final approval from the City Environmental Authorities. Public consultation has also been undertaken in accordance with Russian and local requirements.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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OOO Komatsu Manufacturing Rus
www.komatsu.yar.ru; www.komatsu.ru
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EBRD contact:
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Almaz Toigonbaev, Operation Leader: toigonba@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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Public Information
Policy (PIP):
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The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
Text of the PIP
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Independent Recourse
Mechanism (IRM):
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The EBRD has established the IRM to give local groups that may be directly and adversely affected by a Bank project a means of raising complaints or grievances with the Bank, independently from banking operations.
Guidelines for Making a complaint and the Rules of procedures
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