The construction of the first flint glass plant in Ukraine is about to begin. NovaSklo investors have officially announced the launch of the project with the participation of the Ministry of Economy of Ukraine and the government office UkraineInvest. The construction of the plant in Kyiv region will last until 2028, and the investment is EUR 240 million.
The project is part of the state policy ‘Made in Ukraine’, which aims to develop the processing industry and increase its share in the country’s GDP to 20% in the next 10 years. The construction of the plant will create more than 300 new jobs and attract strategic investments in the industrial sector, which is especially important in times of war.
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The state supports such large-scale initiatives by providing for the possibility of reimbursement of up to 30% of capital investments. In addition, the memorandum signed between NovaSklo and UkraineInvest provides for legal and analytical support to the investor, as well as the possibility of obtaining tax and customs benefits. This should help accelerate the project’s implementation and the integration of the Ukrainian economy into the European market.
‘NovaSklo is not just a plant, but a symbol of a new industrial Ukraine. We have chosen the best German HORN equipment and engaged international experts to launch production. Thanks to our own quartz sand production and the support of international financial institutions, the project will be implemented efficiently and quickly,’ said Igor Liski, founder of EFI Group and main investor in NovaSklo.
At the initial stage, the plant will have one production line to meet domestic demand, with the possibility of further expansion. The main consumers of the products will be manufacturers of windows and facade structures. Leading European companies will take part in the construction, which allows for the application of advanced technologies and increase the competitiveness of Ukrainian production.
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