Nizhneserginskiy
Russia | Materials- Identification Code:
- OP/07/0636
- Total Operation Cost:
- 100.000.000 USD
- Maturity:
- 40 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date15.000.000 USD – 27 Feb 2007
-
BSTDB Signed Amount – Signed Date15.000.000 USD – 25 Jun 2007
-
Status:Completed
- Description and Purpose of the Operation:
- Syndicated medium-term general purpose facility to upgrade the production facilities and refinance existing short-term debt.
- Countries of Operation:
- Russia (100,00%)
- Financial Product:
- Loans
- Sector:
- Materials
- Domain:
- Private
- Borrower/Client:
- Nizhneserginskiy Hardware and Metallurgical Works (NHMW), Russia is a major production unit of Maxi Group holding engaged in collection and processing of scrap and production of hot-rolled metal products.
- Co-Financers/Participants:
- Syndication arranged by Vneshtorgbank and VTB Europe
- Guarantors/Sponsors:
- —
- Developmental and Regional Cooperation Impact:
- The BSTDB financing will contribute to the modernization of the metal production facilities resulting in cost-savings, increased efficiency and improvement of environmental and safety parameters and increased sales, including exports to the Black sae region (Turkey and Azerbaijan).
- Environmental Classification and Impact:
- The Client uses the EAF steel making technology, the least hazardous in the industry and takes continuous effort to modernize the production process to further improve its environmental parameters. Environmental Assessment revealed that the Borrower has a sound environmental policy, which aims at: modernization of the production processes, full legal compliance with existing norms and standards, continuous environmental improvements of the area, and reduction of emissions, effluents, and solid and hazardous waste generation. In this respect the Borrower makes efforts to implement complex environmental expenditures programs, the most important being replacement of the obsolete Open Hearth Furnace with a new EAF.
- Operation Leader:
- General Industries, Transport, Tourism 1
- E-mail:
- gitt1@bstdb.org
As of 28 Feb 2026
