Ukraine is set to build its first float glass manufacturing plant in the Kyiv region by 2028. Investors from NovaSklo, alongside representatives from the Ministry of Economy of Ukraine and the government investment office UkraineInvest, officially announced the project’s launch.
NovaSklo is a project of EFI Group, an Ukrainian investment company, aimed at constructing Ukraine’s first large-scale, modern float glass manufacturing facility. This initiative is poised to attract strategic investment into the country’s industrial development, even amid the ongoing war. The project has a planned investment of EUR 240 million and is expected to create over 300 jobs in its first year.
The project’s financing structure includes investments from EFI Group’s own funds, partners and international credit financing. Specifically, a loan covering 85 percent of the production equipment cost, amounting to approximately EUR 97 million, will be provided by a bank under the guarantees of Germany’s Export Credit Agency.
A Game-Changer for Ukraine’s Glass Industry
“NovaSklo is not just a factory—it symbolizes Ukraine’s new industrial future,” said Igor Liski, Founder of EFI Group and lead investor in NovaSklo. “We are among the few in the country building production facilities from scratch with no existing analogs, pioneering the introduction of cutting-edge technologies in our sector. I believe NovaSklo will become a benchmark for efficient, high-tech, and competitive manufacturing.
“Glass production is one of the most complex industries, and the risks are enormous. That is why we carefully selected the best technologies and partners. We have chosen the best German technology and equipment from HORN Glass Industries, which will be made entirely of the world’s finest refractories, top-quality rollers, a state-of-the-art furnace, and a cutting-edge lehr — all manufactured directly in Germany.
“We have assembled an international team of experts with direct experience in launching float glass plants, who have already worked with us for a year. Importantly, we have secured a guarantee that the equipment manufacturer’s specialists will remain on-site for a year and a half after the plant’s launch, ensuring a successful start-up, fine-tuning of operations, and comprehensive staff training to maintain the highest product quality.”