Alpha Cement Open Joint Stock Company Summary Of Project Information (SPI)       Project Name    Russian Federation-Alpha Cement J.S.C.            Region    Europe        Sector       Project No007199   Projected Board DateFebruary 15, 1996   Company NameAlpha Cement J.S.C.   Technical Partner and/or Major Shareholders    	Holderbank is the leading international cement company, with 1994 sales of about 50 million tons of cement and clinker. Alpha Capital Fund, established in 1992, is one of the largest Russian-managed investment funds, comprising more than one million shareholders. Parco, established in 1992, is a company formed by a group of professional managers formerly of the Gornozavodsk cement plant in the Ural region    Project Cost Including proposed IFC investment    	Project Cost: US$191.9 million						IFC Investment: US$35 million																				IFCs investment includes a Line of Credit of up to US$20 million, 50% of which will be designated for environmental improvement.    Location of project and Description of site          Alpha Cement J.S.C. (AC), a Russian company established in May 1994, has acquired equity stakes in eleven recently privatized cement companies.       	Perm, Russia (Ural Region) is the corporate headquarters of AC. ACs subsidiary plants are in various regions in Russia:    	Plant Name		Location		Province (Region)														Spasskcement	Spassk-Dalniy	Primorskiy Krai (Far East)		Gornozavodsk	Gornozavodsk	Perm Oblast (Ural)		Shurovo		Kolomna		Moscow Oblast (Central/Moscow)	Volskcement		Volsk			Saratov Oblast (Volga)		Nizhny Tagil	Nizhny Tagil	Sverdlovsk Oblast (Ural)		Sukhoi Log		Sukhoi Log		Sverdlovsk Oblast (Ural)		Lipetskcement	Lipetsk		Lipetsk Oblast (Central)		Novoroscement	Novorossisk		Krasnodarskiy Krai (Black Sea)	Topkinski		Topki			Kemerovo Oblast (Siberia)		Nevianski		Neviansk		Sverdlovsk Oblast (Ural)		Zhigulevski		Toliatti		Samara Oblast (Volga)																																																			    Description of Company and Purpose of Project    	Purpose: To assist Ac to consolidate its position in the more promising Russian regional cement markets, improve operations of its subsidiaries, secure long-term capital growth, and to address environmental deficiencies at some of its subsidiaries.    Environmental Category and Issues    	This is a category B project according to IFCs environmental review procedure. Environmental issues associated with the project include air emissions, liquid effluents, spill prevention, solid wastes, protection of water resources, land use and quarry reclamation.  Occupational health and safety issues include fire prevention, and employee protection from noise and dust. Environmental, health and safety audits have been conducted at selected existing facilities, and Corrective Action Plans (CAPS) will be established to upgrade the existing facilities, as required, to meet the World Bank guidelines.														An environmental audit was conducted by an independent western consulting firm.    The  is  February 2, 1996 from the Public Information Center.       Date SPI sent to PIC     February 1, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).