Zeleny Park LLC (Iziaslav, Khmelnytsky region), which produces corrugated paper (fluting) and containerboard, increased its production by 18.9% in 2024 compared to the same period in 2023, to UAH 581 million.
According to UkrPapir Association’s statistics provided to Interfax-Ukraine, the company’s output in physical terms increased by 6.1% last year to 32.7 thousand tons.
Also in December, the company increased its production of fluting and testliner by 27.6% by December 2023 and by 95% by November 2024, to 3.7 thousand tons.
Zelenyi Park LLC was registered in 2011 and manufactures products from waste paper, processing up to 72 thousand tons of waste paper annually.
The factory is equipped with Finnish Valmet equipment, which allows it to produce fluting and testliner with a density of 70 to 200 g/sq. m and a roll width of up to 2.8 m.
According to the Clarity Project, the owner of 100% of Zelenyi Park LLC is Cyprus-registered Carton Mill Limited, and the ultimate beneficiaries are ATB Corporation co-owner Gennadiy Butkevych and Volodymyr Shandra (full name is the same as the full name of the former Minister of Industrial Policy (2005-2006) and the former Minister of Emergency Situations (2007-2010) – IF-U).
The company ended 2023 with a loss of UAH 78.2 million (56% more than a year earlier) on a 6.8% drop in revenue to UAH 498.6 million.
