IFC and NovaSklo to launch Ukraine’s first float-glass production plant
25.11.2025 | 15:50 | Section for Public and Mass Media Relations
On 25 November, Kyiv hosted the signing ceremony of an agreement between the International Finance Corporation (IFC, World Bank Group) and NovaSklo, part of EFI Group. The document lays the foundation for the creation of Ukraine’s first high-tech float-glass manufacturing facility, designed to meet the country’s rapidly growing demand for construction materials and reduce dependence on imports. The event was attended by IFC’s Regional Director for Europe, Ines Rocha, and NovaSklo CEO Ihor Liski.
Under the agreement, IFC, in partnership with Japan, will provide advisory and analytical support to NovaSklo. Construction is planned for completion by 2028, with an estimated investment volume of €250 million. Once operational, the plant will create more than 300 direct jobs, as well as additional employment across related sectors – logistics companies, local suppliers and service providers.
Float glass is a core material used in windows, façade systems, mirrors, automotive glass, and solar panels. Ukraine imports hundreds of thousands of tonnes annually, making the domestic market dependent on external suppliers. The new plant in Kyiv region will localise production, support national reconstruction projects, and strengthen the industrial sector.
“This agreement is more than an investment step. It is a signal of confidence in Ukraine’s economy, its entrepreneurs, and the country’s recovery potential,” noted Pavlo Kartashov, Deputy Minister of Economy, Environment and Agriculture of Ukraine.
In developing the plant, NovaSklo is partnering with leading international industrial companies:
• Nippon Sheet Glass Group will provide technological expertise and production solutions;
• HORN Glass Industries will supply specialised float-glass equipment.
“Ukraine demonstrates significant potential for industrial recovery. NovaSklo is an example of how Ukrainian entrepreneurs are launching new production facilities even in challenging times. IFC has extensive experience supporting industrial projects worldwide, and we are pleased to share this expertise with Ukrainian business,” said Ines Rocha, IFC Regional Director for Western, Central and Eastern Europe, Ukraine and Moldova.
The launch of the plant will form the basis of a new industrial sector in Ukraine and promote the development of local supply chains. The project will reduce reliance on imported glass, strengthen the competitiveness of Ukrainian construction-materials manufacturers, and enhance the country’s economic resilience.
For reference
NovaSklo is a Ukrainian company implementing the project of the first float-glass production plant in Ukraine, located in Kyiv region. The project is developed by EFI Group in partnership with leading European equipment manufacturers.
IFC is a member of the World Bank Group.
NSG Group (Nippon Sheet Glass Co., Ltd.) is one of the world’s largest manufacturers of glass and innovative technologies, operating in more than 100 countries.
Read also:
-
08.12.2025 | 09:05
| Section for Public and Mass Media Relations
France to support Ukraine in strengthening corporate governance
Issues related to the corporate governance of state-owned assets, as well as cooperation in the fields of privatization and public–private partnerships (PPP), were discussed during a meeting between Minister of Economy, Environment and Agriculture of Ukraine Oleksii Sobolev and representatives of the French Development Agency (AFD), led by Mathieu Vasseur, AFD’s Regional Director for EU Enlargement and Neighbourhood Policy. The Minister highlighted the importance of the intergovernmental agreement signed on 17 November, which outlines priority projects in strategic sectors. According to him, this document will serve as a roadmap for further cooperation between the two countries in key areas – including energy, transport, agriculture, critical minerals, and innovation. “We appreciate France’s continued intergovernmental cooperation and the launch of a new Grant Agreement to support critical projects, particularly those related to reconstruction and infrastructure recovery. French partners plan to allocate more than 70 million euros for this purpose in 2026. This is already the second phase of such cooperation, with the first successfully implemented this year,” noted Oleksii Sobolev. The Ukrainian side briefed the French delegation on progress in the Government’s initiative to reboot the supervisory boards of state-owned companies in the energy sector, as well as on plans to further strengthen corporate governance. In particular, the process of renewing the supervisory boards of NNEGC “Energoatom” and NJSC “Naftogaz of Ukraine” is proceeding according to schedule. At the same time, the Government is working on strategic decisions aimed at improving oversight and transparency in the management of state-owned enterprises. The French side expressed readiness to provide expert and technical assistance to Ukraine in advancing this work. As noted during the meeting, the French Treasury has already allocated a grant to Expertise France to support relevant activities. The participants also discussed cooperation in privatization, including technical assistance and support in preparing assets for sale. The parties agreed to organize a roadshow for French companies to present the assets that Ukraine plans to put forward for privatization. Another key topic was investment in Ukraine’s economy and cooperation in the area of public–private partnerships. The discussion included potential mechanisms, developed jointly with international partners, to help effectively prepare and implement PPP projects. -
05.12.2025 | 11:10
| Section for Public and Mass Media Relations
Ukraine and the British Geological Survey to launch joint geological projects
Deputy Minister of Economy, Environment and Agriculture of Ukraine Yehor Perelyhin held a working meeting with the leadership of the British Geological Survey (BGS) – the United Kingdom’s national geoscience agency responsible for geological mapping, assessment of mineral resources, and analysis of geological risks. -
04.12.2025 | 16:27
| Section for Public and Mass Media Relations
Russia’s aggression has already caused more than UAH 6 trillion in environmental damage to Ukraine
Russia’s aggression on the territory of Ukraine has led to unprecedented destruction of the natural environment, the loss of ecosystems, and large-scale pollution of air, soil and water resources. -
04.12.2025 | 13:00
| Section for Public and Mass Media Relations
Ukraine and the United Kingdom discuss cooperation on critical minerals and mine safety
The Deputy Minister of Economy, Environment and Agriculture of Ukraine, Yehor Perelyhin, held a meeting with the UK Minister for Europe, North America and the Overseas Territories, Stephen Doughty. The parties discussed the development of cooperation in the field of critical minerals, rare metals and materials for defence production, as well as potential formats for the involvement of British and international partners in projects in Ukraine. -
04.12.2025 | 12:13
| Section for Public and Mass Media Relations
Ministry of Economy at FutureTech Meetup: United for 2026 and closed discussion with Diia.City United members
On 3 December, Minister of Economy, Environment and Agriculture of Ukraine Oleksii Sobolev and Deputy Minister for Digital Development, Digital Transformations and Digitalisation Oleksandr Tsybort took part in FutureTech Meetup: United for 2026.