The board of directors of the European Bank for Reconstruction and Development (EBRD) will consider granting a senior loan of RUR 4.3 billion (USD 162 million) to Guardian Steklo Ryazan LLC for the co…
The board of directors of the European Bank for Reconstruction and Development (EBRD) will consider granting a senior loan of RUR 4.3 billion (USD 162 million) to Guardian Steklo Ryazan LLC for the construction of a float glass factory in Ryazan, central Russia. Guardian Steklo Ryazan LLC is a wholly owned Russian subsidiary of Guardian Europe S.a.r.l. (part of the Guardian Industries Corp.), a world leader in float and fabricated glass manufacturing. The project plan has been examined and a final decision on granting the loan is expected on 1 May 2007. The project is estimated at RUR 6.2 billion (USD 234 million).