Monday, December 12, 2011

Russia Pilkington Energy Project

The EBRD is considering a co-investment with RUSNANO to finance a new float glass plant in Ramenskoye in the Russian Federation, which will also have the capacity to produce coated energy efficient glass for the Russian market, as well as to provide funding for refinancing of the existing debt of Pilkington Glass LLC. The Project will contribute to energy efficiency of buildings and the expansion of the market for new energy-saving products in Russia.

Transition Impact.The Project transition impact will derive from the following key areas: (i) contributing to the adoption and implementation of energy performance regulations of buildings. (ii) supporting the expansion of the market for new energy-saving products. (iii) successful integration of the operations of Pilkington Glass LLC and the StiS Group of Companies. StiS is the leading manufacturer of insulated glass units in Russia

The Client. The investee, Pilkington Nederland No. 6 BV, will become the only integrated flat glass business in Russia combining float glass manufacturing facilities with downstream processing activities. This entity beneficially owns Pilkington Glass LLC, which will be the borrower under the proposed debt financing

European Bank for Reconstruction and Development.Country: Russia.Project number:42160 .Business sector: Manufacturing and Services.Private .Environmental category:B Board date:14 June 2011.Status: Pending concept review. PSD disclosed:6 Dec 2011

Pilkington Russia 3

Pilkington Russia3- Equity