Business news from Ukraine

“Poninkovskaya KBF-Ukraine” increased corrugated packaging production by 20% in January

18 February , 2024  

In January, Poninkivska Cardboard and Paper Mill-Ukraine (PCPM-Ukraine, Khmelnytsky region), a major Ukrainian corrugated cardboard producer, increased its corrugated packaging output by 20% compared to January 2023, to 6.85 million square meters.

According to Ukrpapir Association statistics provided to Interfax-Ukraine, the plant continues to be one of the top three producers of corrugated packaging after Kyiv Cardboard and Paper Mill and Trypillia Packaging Mill.

Last month, the plant also increased production of containerboard by 19.1% to 7.5 thousand tons, and produced 0.08 thousand tons of paper against 0.04 thousand tons a year earlier.

As reported with reference to the data collected by the association from the main enterprises of the industry (since the State Statistics Service stopped providing such data in 2019), in January 2024, the production of paper and cardboard in Ukraine decreased by 7.8% compared to January 2023 – to 53.9 thousand tons, while the production of cardboard boxes increased by 11.3%, to 43.4 million square meters.

In monetary terms, in January, PCBF-Ukraine produced products worth UAH 233.75 million, up 6%.

Poninkivska Paper Mill (formerly Poninkiv Cardboard and Paper Mill), once the largest producer of school notebooks, now has one main production line – paper and cardboard, producing mainly corrugated cardboard and corrugated packaging, as well as wrapping and waste paper.

The plant is part of the United Cardboard Company-Ukraine (UCC, Lutsk) owned by businessman Mykola Lobov, whose production assets include, among others, Lutsk KBF-Ukraine (Volyn region), which produced 5.4 thousand tons of various cardboard (up 7.5%) and 3.2 million square meters of corrugated boxes in January (according to Ukrpapir).

As reported, in 2023, PCBF-Ukraine produced almost UAH 2 billion 450 million worth of cardboard, up 3% year-on-year.

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