Novasklo Ukraine Glass Greenfield

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IFC, in partnership with Japan, is supporting NovaSklo LLC to develop a €250 million state of the art float glass plant 25 km from Kyiv. The facility will produce clear, extra clear, and energy efficient coated and tempered glass, with a daily capacity of 800 tons. Strategically located in a well established industrial zone, the plant will supply Ukraine’s construction and glass processing sectors and target exports. Construction is planned to start in late 2026 and commissioning in late 2028. IFC is providing advisory and capacity building assistance to NovaSklo including (i) feasibility analysis and risk assessment (ii) E&S gap analysis (iii) project finance financial modeling and (iv) corporate governance, to identify and address barriers to the Glass Project’s development. These activities are aimed at enhancing the bankability of the project to successfully raise long-term financing for the project's development.