Business news from Ukraine

Business news from Ukraine

Zhydachiv Pulp and Paper Mill reduces production by 16%

20 October , 2024  

In January-September 2024, Zhydachiv Pulp and Paper Mill (ZhPPM, Lviv region) reduced its output by 16% compared to the same period in 2023, to UAH 334.23 million, according to statistics from UkrPapir Association.
According to the data provided by the association to Interfax-Ukraine, in physical terms, corrugated packaging output decreased by 13% to 14.8 million square meters, paper output by 22% to 2.6 thousand tons, and containerboard output by 32.8% to 8 thousand tons.
At the same time, in September, the plant reduced production of corrugated boxes by 8% to 1.62 million square meters by September 2023, and paper and cardboard by 24% to 1.21 thousand tons.
As reported with reference to the association’s data obtained from the main industry enterprises, in January-September 2024, Ukraine’s paper and cardboard production increased by 3.4% compared to the same period in 2023, to 444 thousand tons, and cardboard boxes by 15.6%, to 434.63 million square meters.
ZhPPM has a paper production capacity of 43 thousand tons per year (base paper for corrugating, linerboard, cover paper), cardboard production capacity of 50 thousand tons, corrugated cardboard and corrugated packaging capacity of 120 million square meters, and injection molded containers (tray for 30 eggs) capacity of 72 million units per year.
The plant has a full production cycle: from processing of technological raw materials to production of finished corrugated products and cast containers.
In 2023, the plant produced UAH 527.6 million worth of products, up 3.3% compared to 2022. According to the Clarity-project, in 2023, ZhPPM increased its net profit by 51.2% compared to 2022 to UAH 63.14 million, with net income growing by 5.6% to UAH 563.55 million.