Business news from Ukraine

ZHYDACHIV PULP AND PAPER MILL CUTS PRODUCTION BY 25%

17 December , 2019  

Zhydachiv Pulp and Paper Mill (Lviv region), part of Osnova holding, in January-November 2019 produced UAH 307.6 million worth of products, which is 25.3% less than in the same period in 2018.
As reported, since the beginning of this year, the plant has demonstrated a positive trend in production, but over the five months showed an insignificant negative trend (0.7%), which accelerated later.
According to statistics from the UkrPapir association, in January-November 2019, the plant slightly increased production of corrugated packaging, to 16 million square meters, but reduced production of cardboard and paper for corrugating by 30.7%, to 19,800 tonnes. At the same time, paper production maintains growth: its output grew by 2.3%, to 4,400 tonnes.
Another enterprise of the holding, Izmail Pulp and Paper Mill (Odesa region), decreased package cardboard output by 19.6%, to 10,800 tonnes and cut corrugated box output by 2%, to 16.3 million square meters.
Zhydachiv Pulp and Paper Mill was put into operation in 1951. Now the mill produces mainly corrugated cardboard and corrugated boxes.

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