Business news from Ukraine

ZHYDACHIV PULP AND PAPER MILL RESUMES WORK

15 May , 2017  

KYIV. May 15(Interfax-Ukraine) – PJSC Zhydachiv Pulp and Paper Mill in Lviv region, which stalled in autumn of 2014, has resumed work, Lviv Regional State Administration has said on its website.
“Ukraine has seen fewer examples when, after 2.5 years of idle time, an enterprise has not turned into a heap of scrap metal and has resumed work and launched production. Furthermore, over $1 million has been invested in its equipment,” Lviv Regional Governor Oleh Syniutka said at an official event devoted to the re-launch of the enterprise on Friday.
As of today, the corrugated cardboard and paper enterprise’s personnel numbers 539 people, and in the next four months the factory’s management plans to reach full production capacity, increasing the number of employees to 750 people.
Zhydachiv district administration invited qualified personnel to the enterprise, as some of the factory’s former workers have found new jobs at other enterprises in Lviv region over the 2.5 years of idle time.
Among the problematic issues the enterprise has is the wage backlog estimated at UAH 28 million. Moreover, its tax debts as of May 1, 2017 was UAH 21 million.