Moscow, Russia, October 5, 2010
— A new report from IFC, a member of the World Bank Group,
reveals that Russia’s iron and steel foundry industry could save up to
$3.3 billion annually and reduce greenhouse gas emissions of carbon dioxide
by 4.5 million tons a year by matching European Union standards in the
use of natural resources.
The first Russian cross-sector benchmarking
study, Resource Efficiency of the Ferrous Foundry Industry, compares
Russian and European foundry sectors, showcasing efficiency potential and
providing practical guidelines to individual foundries as well as to the
The report finds that Russian foundries
use three times more energy, 160 times more water, nearly four times more
sand, and 14 percent more metal per ton of good ferrous castings product
in comparison with European foundries, while the average production volume
per Russian employee is nearly four times lower than in the European Union.
“If Russian foundries were able to
match the efficiency of the best-performing EU plants, the energy saved
would be sufficient to power a typical Russian city of 1.5 million people.
Also, by matching EU standards in water efficiency, Russia would
save enough water to supply 3.5 million residents,” said IFC’s Kristina
Turilova, task manager for the study.
To achieve this high efficiency, Russian
foundries need to invest more in technology modernization. The study highlights
that significant savings could be achieved through improved management
practices or other low-cost initiatives. This potential is often overlooked
by foundry owners, as almost half of Russia’s foundries do not monitor
the use of resources at the workshop level.
The study was conducted as part of IFC’s
Cleaner Production Program in Eastern Europe and Central Asia with financial
support from the Free State of Saxony; the Netherlands’ Agency for International
Business and Cooperation; the Ministry of Employment and the Economy of
Finland; and IFC.
For more information about the report,
IFC, a member of the World Bank Group,
is the largest global development institution focused on the private sector
in developing countries. We create opportunity for people to escape poverty
and improve their lives. We do so by providing financing to help businesses
employ more people and supply essential services, by mobilizing capital
from others, and by delivering advisory services to ensure sustainable
development. In a time of global economic uncertainty, our new investments
climbed to a record $18 billion in fiscal 2010. For more information, visit
For more information about IFC’s
The Free State of Saxony, www.wfs.saxony.de
The Netherlands’ Agency for International
Business and Cooperation, www.evd.nl
The Ministry of Employment and the Economy
of Finland, www.tem.fi