MICHELIN RUSSIA

Location:

Russia

Project number:

18364

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

B

Approval date:

18 Dec 2001

Status:

Completed

PSD disclosed:

30 Nov 2001

Project Description

The project consists of the development of Michelin operations in Russia. Michelin, based in France, is one of the largest tyre manufacturers in the world. The investment would help establish production facilities, improve technology and create new jobs. The project aims to achieve the successful development of a new manufacturing facility, which will help to make the Russian tyre industry more competitive in the domestic market and, potentially, export markets in CIS countries.

Transition Impact

The proposed investment would have a positive impact in terms of new technology and management know-how transfer as well as providing a model for similar projects to the foreign investment community.

The Client

Michelin Russian Tyres Manufacturing Company (the Company) - was established n Davydovo, Moscow region to produce high quality tyres mainly for the Russian market.

EBRD Finance

The EBRD investment will be used to finance a part of the development of the company with up to US$ 20 million (approximately €22 million) equity investment.

Project Cost

US$ 20 million (€22 million approximately).

Environmental Impact

The project has been screened as B/1, requiring an environmental analysis of the proposed development and an environmental audit of the existing facilities. Michelin has commissioned an independent environmental assessment of the site in Davydovo carried out by international specialists.
Michelin is committed to structure the project in accordance with the relevant Russian and EU environmental and occupational health and safety standards.

Technical Cooperation

None.

Company Contact

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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