Construction of glass plant in Kyiv region to start in spring 2025

Construction of a glass plant in Kyiv region is scheduled to begin in spring 2025, said Igor Liski, owner of the EFI Group investment holding.

“This is a very complex project, we have been working on it for two years. I really hope that by the end of the year we will be able to announce the start of construction. We have already completed the entire production line. I hope that we will break ground in the spring,” Liski said at the 10th Kyiv International Economic Forum in Kyiv on Thursday.

According to him, the total investment in one production line is about EUR230 million, while about EUR100 million is export credit financing from European partners who finance their equipment.

Liski emphasized that this glass plant is a symbol of Ukraine’s recovery, so there are no plans to export it. The businessman predicts that the production of its own glass will help save the state up to EUR200 million in foreign currency earnings per year.

“We should first cover our own (needs – IF-U). Now we import on one line, after the war is over, we will need at least two lines, so we are designing a plant for two lines at once, which is another EUR200 million. Glass is a very promising product: not only technological, energy-efficient windows, but also solar panels, the automotive industry, and armored glass. Let’s eat this elephant in parts. In total, the project will cost more than a billion in 10 years, and this is only for Ukraine,” he said.

As reported, Liski plans to invest $80 million in the glass plant project.

Liski is the owner of the EFI Group investment holding (“Effective Investments”). The company’s areas of investment include healthcare and medtech, paper, food and woodworking industries, and agricultural supplies.

The company’s businesses include Feednova, an animal fats and feed additives producer, Medical Star healthcare network, Zhytomyr Cardboard Mill, Sam Ecopack, a cardboard packaging manufacturer, Forest Technology, an agricultural products supplier, Efi Agro, and Doc.ua, an online medical hub.