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Ukraine: Free market eliminated glass industry
  • Due to the increase in the cost of energy resources, 3 enterprises of the glass industry of Ukraine have already stopped completely, and the rest have entered the stage of technological downtime to prevent a complete shutdown of furnaces. After all, the full resumption of their work after the shutdown is extremely problematic, financially costly and virtually impossible for Ukrainian producers.

    The catastrophic increase in the price of natural gas, which currently accounts for up to 50% of the cost of glass products, has devastating consequences for the entire sector of the real sector of the Ukrainian economy, as there is a rapid objective increase in the final price of Ukrainian products.

    This is one of the negative factors critical for the domestic glass industry - significant lower prices for import of glass products into our country from countries where energy prices for industry are sometimes almost ten times lower than in our country.

    In this situation, the products of Ukrainian companies become uncompetitive in both domestic and international markets.

    Ukraine's glass industry, which employs more than 12,000 people, is rapidly becoming unprofitable and in fact is in the process of bankruptcy and complete closure.

    The Association of Glass Industry Enterprises "Glass of Ukraine" appeals to the Government for support and assistance.

    Its the end.