Business news from Ukraine

Business news from Ukraine

LUTSK CARDBOARD-PAPER MILL UPS PRODUCTION BY 67% IN 2015

26 January , 2016  

KYIV. Jan 26 (Interfax-Ukraine) – Lutsk cardboard-paper mill, part of the United Cardboard Company belonging to businessman Mykola Lobov, produced goods worth UAH 404.55 million in 2015, which is 67.1% up year-over-year, according to the Ukrpapir association.

The association said that during this period the mill made 54,030 tonnes of various types of cardboard – 17.3% up year-over-year, including a rise of 18.6% in packaging cardboard output, to 47,910 tonnes.

Production of box cardboard declined by 10.6%, to 1,500 tonnes, cover board output rose by 18%, to 3,900 tonnes, and roofing cardboard output rose by 7.4%, to 6,700 tonnes.

In addition, the mill made over 1,000 tonnes of pulp (34.5% up year-over-year).

Lutsk cardboard-paper mill LLC was founded on the basis of assets of Lutsk cardboard-ruberoid mill in summer 2012.

The mill produces raw materials for corrugated board production (fluting and test liner), roofing, box and cover cardboard.

In 2014, the mill produced goods worth UAH 242.2 million and cardboard output totaled 46,000 tonnes.