This was made possible through a Memorandum of Cooperation signed between City One Development, a Ukrainian company, and ITOXI Corp., according to City One Development's press service.
Details of the Investment Project
Under the agreement, the two companies will build glass factories within the "City of Glass" industrial park in Berezan (Kyiv region) and the "Galicia" industrial park in Kalush (Ivano-Frankivsk region).
City One Development had already begun constructing the first float glass plant in Berezan at the start of the full-scale invasion in 2022. Key details:
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Production capacity: 600 tons of glass per day
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Investment: $140 million
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Planned commissioning dates: First plant — 2027, second plant — 2028
The company also began construction of a second plant at the end of 2024.
City One Development specializes in creating and managing large-scale infrastructure and residential projects and actively invests in Ukrainian industry. Its portfolio includes over 1.15 million square meters of completed facilities and 600,000 square meters currently under construction. Key projects in Kyiv include Novopecherski Lypky, Boulevard Fontaniv, Svyatobor Park Resort, and The Light.
Glass Production Sector: Growing Investor Interest
Interest in glass manufacturing is rising as Ukraine rebuilds. In February 2025, NovaSklo, a project of the Ukrainian investment group EFI Group, announced plans to build a modern float glass production plant in the Kyiv region.
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Planned investment: €240 million
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Job creation: Over 300 new jobs in the first year
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Technology: Advanced equipment supplied by leading German manufacturers
The main consumers of the glass will be window and facade manufacturers.
Broader Industrial Investment in Ukraine’s Reconstruction
Glass production is not the only area attracting investment. Other major projects include:
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Peikko Group Corporation (Finland) commissioning a new concrete compound and composite structures plant in the Bila Tserkva industrial park.
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Kingspan (Ireland) starting construction of an innovation campus near Lviv for building solutions and thermal insulation materials.
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German consortium led by Vollert Anlagenbau GmbH launching a project to build a network of high-tech prefabricated reinforced concrete plants.
Demand for Construction Materials
According to the Kyiv School of Economics, approximately $65 billion will be needed solely for construction materials to rebuild Ukraine. Analysts emphasize that 90% of these materials can be produced domestically if the right investment strategies are implemented, particularly by focusing on attracting investments into the building materials industry.
