A consortium that included CIPEF I led in the privatization of Poland’s largest sheet glass and glass conversion factory, HSO Sandomierz in 1993. The company (renamed Pilkington Sandoglass) constructed Poland’s first float glass plant. The investment was financed with a combination of debt (IFC, EBRD and the Polish Development Bank) and equity. Pilkington Sandoglass supplied glass mainly to the burgeoning Polish construction and automotive markets.
