UkraineInvest is supporting the implementation of a large-scale investment project for the construction of NovaSklo, the largest float glass manufacturing plant in Ukraine. The total investment in the project amounts to EUR 240 million. A memorandum formalising further cooperation on the project was signed by Oleksandr Melnychenko, Acting Executive Director of UkraineInvest, and Ihor Liski, Director of NovaSklo LLC.
The implementation of this project will contribute to
“Ukraine is actively developing its manufacturing industry with the aim of increasing its share of GDP to 20% over the next 10 years, in line with OECD standards. The main objective of the state policy “Made in Ukraine” is to achieve this goal. A key instrument of this policy is the support of projects involving significant investment that will drive industrial growth, attract capital and stimulate exports of non-raw materials. Glass manufacturing is a vital industry that plays a strategic role in the country’s construction, industrial production and reconstruction efforts. The construction of this plant will create new jobs and attract additional investment into Ukraine’s industrial sector. The state supports such large-scale projects by offering a range of incentives that allow investors to recoup up to 30% of the total investment,” said Andrii Teliupa, Deputy Minister of Economy of Ukraine.
UkraineInvest will provide information, advice and organisational support throughout the preparation and implementation of the project, ensuring effective communication between the investor and government authorities.
“UkraineInvest, the government institution authorised to support significant investment projects, will provide key support to this initiative. This will include support in the preparation of the application and feasibility study, as well as assistance throughout the process from the signing of a special investment agreement between the Cabinet of Ministers of Ukraine and the investor to the full implementation of the project. UkraineInvest will provide NovaSklo with legal, advisory and analytical support to help the investor accelerate the realisation of its investment plans in the most efficient manner. The NovaSklo investment project represents resilience, ambition and commitment to economic growth, even in difficult circumstances. UkraineInvest’s cooperation with NovaSklo is an example of effective public-private cooperation aimed at fostering a favourable investment climate and promoting Ukraine’s economic development,” said Oleksandr Melnychenko, Acting Executive Director of UkraineInvest.
The plant’s main customers will be manufacturers of windows, facades, household and commercial appliances and electronics. A comprehensive infrastructure and communication system will be developed to ensure stable operations. The project is expected to be completed within three years, with leading German manufacturers supplying state-of-the-art equipment and technology.
“NovaSklo is more than just a factory – it is a symbol of the new industrial era in Ukraine. We are one of the few in the country that is building production facilities from scratch and introducing cutting-edge technologies that are unprecedented in the region. I believe NovaSklo will become a benchmark for efficient, high-tech and competitive manufacturing. Glass production is one of the most complex industries with significant risks, which is why we have carefully selected the best technologies and partners. We have chosen top-of-the-range German equipment from HORN and engaged an international team of experts with direct experience in the start-up of float glass plants. Thanks to our strategic location, access to high quality silica sand and support from international financial institutions, NovaSklo will be built faster, operate more efficiently and play a key role in Ukraine’s industrial independence,” said Ihor Liski, founder of EFI Group and the project’s main investor.
NovaSklo is an initiative of the EFI Group, a Ukrainian investment company that serves as a key platform for attracting strategic investment in the country’s industrial sector, particularly during times of war. This project is an important step in strengthening Ukraine’s industrial capacity and driving economic growth.
“The strategic partnership between NovaSklo and UkraineInvest will create new investment opportunities and promote industrial development. The construction of the NovaSklo plant will not only strengthen the glass manufacturing sector, but also lay the foundation for systemic positive changes in the Ukrainian economy,” emphasised Alyona Sumina, Acting Head of Legal Affairs and Regulatory Policy Department of UkraineInvest.
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