Business news from Ukraine

Ruta has doubled its production volume in 8 months

26 September , 2023  

In January-August 2023, Ruta, a major Ukrainian manufacturer of sanitary and hygienic paper products, whose management company is VGP JSC (Lutsk), produced UAH 1 billion 086.4 million worth of products, which is 97.1% more than in the same period in 2022.

According to UkrPapir’s statistics provided to Interfax-Ukraine, the company has thus slightly accelerated the growth rate of production in monetary terms compared to the same period last year: in seven months, the figure was 96.7%, and in six months – 95.7%.

In terms of volume, the production of toilet paper in rolls increased 1.5 times, exceeding 89 million units, which is still the third best result in the industry after Kyiv Cardboard and Paper Mill (165 million units) and Kokhava Paper Mill (90.4 million units).

VGP’s brand portfolio includes napkins, toilet paper, paper handkerchiefs, and kitchen towels under the Ruta, Ruta Selecta, Fesko, Nosovic, Polotenechko, 100% paper, Servetta, and Ecolo brands. The assortment includes more than 189 items.

As reported with reference to Ukrpapir’s data, in 2022, VGP JSC produced products worth UAH 977.61 million, which is 2.8% more than a year earlier. At the same time, according to the company’s report, in physical terms (tons), production decreased by 27% due to the loss of some markets with the beginning of Russia’s military aggression in Ukraine.

Exports accounted for more than a quarter of sales in 2022. The paper used as the basis for production was purchased mainly from producers in Turkey and Romania.

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