Sberbank supported the modernization of one of the largest Glass manufacturing industries in Russia

The Moscow Sberbank has provided Larta Glass Ryazan LLC with 4.8 billion rubles in financing to modernize a glass-melting furnace at its manufacturing plant in the Ryazan region. The investment will improve production efficiency, strengthen the position of one of the largest glass manufacturers in Russia, and supply the construction industry with advanced, high-tech products.

The project forms part of the glass manufacturing development strategy of EVA Investment Company. Today, Larta Glass Group, which includes Larta Glass Ryazan LLC, is one of the largest producers of sheet glass, coated glass, and mirrors in Russia and CIS countries. The company holds approximately 30% of the Russian market and produces a wide variety of products, including jumbo-sized and low-iron glass, which are in high demand in modern construction and architecture.

The modernization will enhance production efficiency, improve equipment reliability, and provide a solid foundation for the continued manufacture of high-demand products. This is particularly important amid the ongoing growth of residential and commercial construction, where demand for modern energy-efficient glass solutions is growing.

Herman Barg, Chairman of the Moscow Sberbank: “This is another example of Sberbank long-term partnership with Russian businesses, which enables to execute complex investment projects and supply the market with high-quality domestic products. Following the transfer of the enterprise toRussian ownership, the company has continued to expand theproduction and invest in upgrading its facilities. We are committed to supporting such projects, as they strengthen the technological independence of the industry and reinforce the country’s industrial potential.”

Dmitry Litvin, Larta Glass CEO: “We are grateful to Sberbankfor our long-standing partnership, which extends beyond financing investment projects to the practical application of our technological solutions. Larta Glass products are used, among other projects, in the construction of Sberbank new headquarters building on Kutuzovsky Prospekt—one of the most technologically complex architectural developments in recent years. The modernization of our Ryazan plant will ensure high quality standards and enable the continued production of modern glass solutions for large-scale projects. We view this investment as a key milestone in the company’s ongoigdevelopment and in our partnership with Sberbank.”