Italian company Novello srl, renowned for its innovative approach to modular and eco-sustainable housing, is taking a strategic step forward by establishing a production facility in Ukraine’s Rivne region.

The decision follows a series of meetings with representatives of the regional administration. The most recent in-person meeting between CEO Moreno Novello and Governor of Rivne Region Oleksandr Koval came after an initial online discussion held in July.

During the talks, both parties explored key factors essential for launching production — including regional safety, human capital, and the availability of natural resources.

“We see Ukraine not only as a promising market but also as a place where our values — sustainability, innovation, and responsibility — are shared and appreciated. Rivne offers excellent conditions for the sustainable development of our production,” said Moreno Novello, CEO of Novello srl.

The meeting concluded with the signing of a memorandum of cooperation, paving the way for the establishment of a modern Novello production facility in Ukraine. The Rivne Regional Administration, in turn, expressed its commitment to providing full support to Italian investors.

This partnership stems from the agreements reached earlier in Rome during the Ukraine Recovery Conference (URC2025). For Novello, this is not just a business expansion, but a contribution to the reconstruction and future of a country demonstrating exceptional resilience and determination to rebuild.