Splat Toothpastes

Location:

Russia

Project number:

45143

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

B

Target board date:

29 Oct 2013

Status:

Disbursing

PSD disclosed:

11 Sep 2013

Translated version of this PSD: Russian

Project Description

The EBRD is considering providing financing to Splat, one of the leading players on the Russian toothpaste market. The financing will support Splat in implementing its long-term development strategy, expanding further on the Russian and international markets and launching new products.

Transition Impact

The project will support a locally managed enterprise that innovates, introduces modern new products and upgrades to international standards, particularly with regard to corporate governance, transparency and resource efficiency. The financing will help the company to become more competitive in new product development. EBRD will also assist the company in improving its corporate governance principles and aligning them with the global best practices.

The Client

Splat is a Russian company which was established in 2000 and has grown to become one of the leading players in the Russian toothpaste market. Splat develops, produces, sells and distributes oral care and cosmetic products.

EBRD Finance

EBRD is considering an investment in the amount of up to RUB 822 million.

Project Cost

Up to RUB 822 million.

Environmental Impact

Categorised B. The potential environmental and social impacts associated with the Project are expected to be site specific, readily identified and addressed through appropriate mitigation and management measures. All expansions, such as new production lines, will be within the existing site boundaries. Environmental and social due diligence (ESDD) has been carried out by ESD with the support of an independent consultant and involved a site visit and an E&S audit to assess Splat’s E&S capacity and management procedures and current E&S performance.

Due diligence showed that Splat is well aware of its E&S risks and has in place robust management systems (ISO 9001, 14001 and 22716 certified) and procedures, particularly at its production facility, together with the necessary capacities, to effectively manage both current and future E&S impacts and risks and meet the EBRD’s E&S Policy and the Performance Requirements. The production facility is located on the old site of a mineral water bottling plant and an OVOS was conducted for the plant conversion and all necessary permits are in place. Emissions to air are within local limits and all wastewater is treated on site prior to removal to a municipal wastewater treatment plant. Only treated stormwater is discharged off site into the nearby river. Waste materials are removed off site by a specialist contractor. Occupational health and safety provisions are generally appropriate for the facility. Splat has in a place an effective product complaints and recall mechanism. Raw materials are procured from local distributors for international suppliers with most materials coming from Europe.

An Environmental and Social Action Plan (ESAP) has been developed for the Project. Key actions in the ESAP include obtaining the necessary permits for expansion plans; implementing an OHS management system that meets the requirements of OHSAS 18001; improving OHS provisions in some areas of the plant; developing a transport management plan; considering potential E&S issues in procurement and contractor management; and formalising current and future stakeholder engagement activities in a SEP. EBRD will monitor the Project’s E&S performance by reviewing annual environmental and social reports, including updates on the implementation of the ESAP, provided by the company and may also undertake monitoring visits.

Technical Cooperation

None.

Company Contact

Alexander Zlobin, CFO
Tel: +7 (495) 725 66 38

 

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.