Kirishi Rouble Loan



Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

11 Oct 2011



PSD disclosed:

24 Jun 2011

Translated version of this PSD: Russian

Project Description

The EBRD is considering a 5-year local currency loan to OJSC Ruscam-Kirishi, one of 5 Russian subsidiaries of the Turkish glass packaging manufacturer Anadolu Cam, in order to finance the Company’s increased working capital needs. at its glass packaging plant in Kirishi (near St. Petersburg).

Transition Impact

The project is expected to contribute to demonstration of new processes (i.e. environmental techniques), market expansion and forward linkages, whilst fostering a more competitive market. In addition, the Project will entail setting standards of corporate governance and business conduct which should have also have a positive demonstration effect on other market participants.

The Client

OJSC “Ruscam Kirishi”.

EBRD Finance

Up to RUB 480 million (EUR 12 million equivalent)

Project Cost

EUR 65 million.

Environmental Impact

Categorised B in accordance with the EBRD Environmental and Social Policy 2008. The environmental and social due diligence is under way and will focus on updating the investigations that were undertaken for the EBRD's existing project with the Company in 2008 so as to address the full scope of the EBRD Performance Requirements (PRs) relevant to the Company's operations.

Environmental and social impacts from the operation of container glass facilities are limited mainly to air emissions and wastewater discharges, and can readily be identified, assessed and mitigated. The due diligence undertaken in 2008 confirmed that the existing operations are in compliance with National environmental standards and that the planned investment programme is structured to meet National and EU environmental standards. Although, the proposed investment programme is structured to meet EU environmental standards, some of the existing operations would not fully meet Best Available Techniques (BAT) as included in the EU IPPC BREF Note for new plants, notably in terms of NOx emissions. This issue was assessed further as part of the due diligence in 2008, and the measures planned by the Company, such as the use of low NOx burners and primary measure, and considering the the location of the Kirishi plant will not result in material adverse environmental and/or public health impact. In addition, the Company will install Electrostatic Precipitators (ESPs) so as to limit dust emissions and in line with BAT requirements.

Based on the environmental and social due diligence, the Environmental and Social Action Plan (ESAP) agreed in 2008 will be updated and amended to ensure the Company will implement the project in compliance with EBRD PRs. The ESAP is likely to include improved management of raw material supply and contractors as well as development of a stakeholder engagement plan. These would be additional to the existing ESAP that includes measures such as implementation of an environmental, health and safety management systems in line with international standards as well as further measures and investments to reduce energy use as well as improve the abatement of air emissions and wastewater discharges in line with good international practice.

This section will be amended upon completion of the environmental and social due diligence.

Technical Cooperation


Company Contact

Aytac Mutluguller
Deputy CFO

Turkiye Sise ve Cam Fabrikalari A.S.
Is Kuleleri, Kule 3, 4 Levent, 34330 Istanbul, Turkey


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

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. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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