Poninkivska Cardboard and Paper Mill-Ukraine (PKPF-Ukraine, Khmelnytsky region), a major Ukrainian corrugated cardboard producer, increased its corrugated packaging output by 18.7% in January-November 2024 compared to the same period in 2023, to 89.7 million square meters.
As reported, in the first ten months of the year, the increase in corrugated packaging production was also 18.7% compared to the same period in 2023.
According to Ukrpapir Association statistics provided to Interfax-Ukraine, the mill continues to be one of the top three producers of corrugated packaging after Kyiv Cardboard and Paper Mill and Trypillia Packaging Mill.
Over 11 months, the company also increased its production of containerboard (including corrugated paper) by 3.5% to 73.2 thousand tons, and paper by 28% to 0.92 thousand tons.
In monetary terms, in January-November, PCPF-Ukraine produced products worth UAH 2 billion 487.3 million (+17.9%).
As reported with reference to the data collected by the association from the main enterprises of the industry, in January-November, the production of paper and cardboard in Ukraine increased by 2.6% compared to the same period in 2023 – up to 549.7 thousand tons, cardboard boxes – by 13.4%, to 539.7 million square meters.
Poninkivska Paper Mill (formerly Poninkiv Cardboard and Paper Mill), once the largest producer of school notebooks, now has one main production facility – 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 KPF-Ukraine (Volyn region), which produced 58.3 thousand tons of various cardboard (down 3.7%) and 44.65 million square meters of corrugated boxes in 11 months (according to Ukrpapir), compared to 13.5 million square meters a year earlier.
As reported, in 2023, PCPF-Ukraine produced products worth almost UAH 2 billion 450 million, up 3% year-on-year. Net profit increased 2.7 times to UAH 27 million.
