In September 2009, IFC has initiated the Russia Foundry Industry Benchmarking study that will help Russian machine-building sector to improve its energy and resource efficiency.
The study is designed to provide general managers and metallurgists of machine-building and foundry plants with a comprehensive analysis of their resource-efficiency potential and make recommendations for tapping this potential.
There are more than 1200 foundries operating in Russia today. Most of these foundries are incorporated into large machine-building holdings. About 120 ferrous foundries will take part in the benchmarking study.
One of the leading European foundry engineering and consulting companies - GEMCO/Knight Wendling was chosen for this assignment.
IFC plans to present the study results in April 2010. There will be four publications by the end of the project:
- Self-diagnostics guide for the ferrous foundry companies;
- Ferrous foundries best-practice reference guide;
- Compendium of KPIs for the ferrous foundry companies;
- Russia foundry industry benchmarking study report.
To make sure that expected project results are appropriate for the needs of Russian companies, IFC and GEMCO/Knight Wendling have initiated an external stakeholders’ engagement process. As a part of it, they will implement a series of consultations with such stakeholders as policy makers, representatives of think-tanks, R&D, professional education institutions, industry associations and managers of the foundries. In order to fully involve these groups into the project, IFC and GEMCO/Knight Wendling create an Advisory Board. The Board will be composed of opinion-leaders and will provide IFC and GEMCO/Knight Wendling with feedback on each stage of the project realization.
The study is conducted in the framework of the IFC’s ECA Cleaner Production Program and supported with funds from IFC, Germany’s Free State of Saxony, Ministry of Employment and the Economy of Finland, and the Agency for International Business and Cooperation of the Dutch Ministry of Economic Affairs.
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives.
We foster sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments.
Our new investments totaled $14.5 billion in fiscal 2009, helping channel capital into developing countries during the financial crisis. For more information, visit www.ifc.org.
For more information about the program please visit: www.ifc.org/rcpp
IFC aims to facilitate over $250 million in market-priced financing for cleaner production investments through this program.
Donor-partners of the Program:
The ECA Cleaner Production Program is supported with funds from Germany’s Free State of Saxony, the Ministry of Employment and the Economy of Finland, the Agency for International Business and Cooperation of the Dutch Ministry of Economic Affairs, and IFC FMTAAS.