Investors want to build a glass factory in Ukraine for $ 80 million - developer

20.08.2021
Investors want to build a glass factory in Ukraine for $ 80 million - developer

The estimated cost of domestic float glass will be 15-20% less.

In the near future, thanks to foreign investors, construction of a float glass plant may begin in Ukraine, which can potentially satisfy up to 30% of the construction market.

The founder and president of the development company City One Development Valery Kodetsky told UBR.ua about this.

The volume of foreign investment can reach more than $ 80 million with a payback period of 5-6 years. The profitability of such a plant will be more than 30%, the expert calculated.

Thermo-polished (float) glass is a common type of sheet glass, which is made using a special technology by thermal molding on a metal melt. This method makes it possible to obtain high quality glass in large quantities.

According to Kodetsky, since 2014, Ukrainian companies have been importing up to 100% float glass, of which more than 80% is used in the construction industry.

"As of 2021, the volume of the float glass market is $ 200 million. It is about 35 million square meters of products per year. At the same time, the annual demand of the Ukrainian market for float glass is more than 100 million square meters." said the expert.

According to his forecasts, over the next two years, the growth of float glass production may reach 3-5% annually.

Kodetsky noted that the estimated cost of domestic float glass will be 15-20% lower, which will allow developers to redirect the released funds to improve the quality of construction projects, increase the level of builders' salaries, etc.

Source: https://ubr.ua/

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