Business news from Ukraine

Business news from Ukraine

“Slavic Wallpapers” increased production by 2.2%

17 December , 2024  

Slavic Wallpaper-KFTP JSC (Koryukivka, Chernihiv region), a leading Ukrainian wallpaper producer, produced 15.37 million conventional pieces of wallpaper in January-November 2024, up 2.2% compared to the same period in 2023.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, the company’s output growth rate for the first 11 months of the year was almost the same as in the same period last year: it was 2.3% in the first 10 months.
In monetary terms, the factory’s production increased by 1% to UAH 1 billion 168 million in January-November.
In November, the company produced 1.32 million units of wallpaper, up 1.2% compared to November 2023, but down 9.3% compared to October this year.
The Association does not have data on wallpaper production in Ukraine in general for 11 months of 2024, as the State Statistics Service has stopped providing it.
JSC Slavic Wallpaper-KFTP produces more than 10 types of wallpaper from the economy segment (paper, duplex, acrylic) to premium wallpaper (vinyl, non-woven, hot stamped), as well as its own latex, water-dispersion paint under the Latex brand.
As reported, in 2023, Slavic Wallpapers-KFTP increased its wallpaper production by 19% compared to 2022, to 16.2 million units, production volume increased by 38.2% to UAH 1 billion 249 million, and net profit increased almost eightfold to UAH 47.7 million.
Earlier, the company noted that as a result of Russian aggression, sales volumes have significantly decreased, especially through retail channels.

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