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Pilkington RuII

Sector: Residential • Location: Russian Federation

Source: International Finance Corporation (IFC)

Project
Completed

In 2003, Pilkington plc, one of the largest glass manufacturers of the world, established a joint-venture company called Pilkington Glass LLC (Pilkington or the company), to construct and operate a green-field float glass plant in Moscow Region, Russian Federation. Project cost was estimated at EUR 193 million, and the financing plan included EUR 100 million of parallel senior loans provided by EB

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Project Information

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The project “Pilkington RuII” is an infrastructure initiative in the Residential sector, located in Russian Federation. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Company

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Status

Original status

completed

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Description

Description

In 2003, Pilkington plc, one of the largest glass manufacturers of the world, established a joint-venture company called Pilkington Glass LLC (Pilkington or the company), to construct and operate a green-field float glass plant in Moscow Region, Russian Federation. Project cost was estimated at EUR 193 million, and the financing plan included EUR 100 million of parallel senior loans provided by EBRD and IFC (IFIs), of which EUR43.5 million was provided by IFC. The IFIs loans are fully disbursed. Construction of the plant is complete and commercial production of glass started in February of 2006. The company faced challenging local conditions that adversely affected project implementation and resulted in a project cost overrun from the initial budget. The IFIs have been requested to provide additional financing the company to complete the project.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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