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.
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.
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.
The EBRD will provide an equity investment of USD 8 million to Komatsu Manufacturing Russia.
Total project will be approximately USD 100 million.
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.
OOO Komatsu Manufacturing Rus
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