Financed ProjectsSeverstal

Identification Code:

OP/03/0386

Total Operation Cost:

0

Maturity:

72 months

Operation Status:

Description and Purpose of the Operation:

The operation involved the purchasing of equipment manufactured by two Ukrainian manufacturers, Novokramatorsk machine-building plant and Dneprotehservice, for the modernization of the production facilities of Severstal, Russia.

Countries of Operation:

Russia (100,00 %)

Financial Product:

Loans

Sector:

Materials

Domain:

Private

Borrower/Client:

Severstal, a leading Russian steel producer specializing in "flat- steel" products. Severstal is one of the largest companies in terms of revenues, volume of steel and rolled products among the Russian ferrous metal producers.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The operation contributed to the modernization of the production facilities and, in turn, to the strengthening of the competitive profile of the lcompany, and enhanced its role as major employer and taxpayer in Russia. The company used the loan entirely for the purchase of equipment from Ukrainian manufacturers, which boosted the regional-cooperation aspect of the operation.

Environmental Classification and Impact (summary):

The Operation was in compliance with BSTDB's Environmental Policy.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org