Euroglas could build glass plant in Dnipropetrovsk region

Europe's largest glass producer Euroglas is studying the construction of a new glass plant on the basis of Hubynykha sugar refinery (Dnipropetrovsk region).

Dnipropetrovsk regional administration told Interfax-Ukraine that the Swiss investor was invited to the region by the Dnipropetrovsk investment agency created last year by Dnipropetrovsk region Governor Oleksandr Vilkul jointly with Dnipropetrovsk regional council.

Vilkul in May said at one of the investment conferences that regional authorities are ready to create favorable conditions for Euroglas, as it was done for France's Maisadour Semences S.А. during the construction of a new seed plant.

Euroglas' investment in the new project could reach $200 million.

As Interfax-Ukraine learnt from reliable sources, currently Euroglas specialists are studying the refinery, holding talks with its owner and defining the conditions of the possible deal.

The Swiss company also studied a site in Kharkiv region, the source added.

Euroglas is one of Europe’s largest glass manufacturers. It was founded in 1993 with the merger of five independent, medium-sized glass-processing companies. Swiss Glas Trosch is the parent company of the consortium.

Euroglas's four plants in France, Germany (two plants) and Poland produce float-glass, glass for the solar industry, glass for fire protection and frame glasses.

600450 Euroglas could build glass plant in Dnipropetrovsk region
Date: 24 June 2011

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