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-October 2024 compared to the same period in 2023, to 80.9 million square meters.
As reported, in the first nine months of the year, the increase in production was 19.1% 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 this product after Kyiv Cardboard and Paper Mill and Trypillia Packaging Mill.
Over 10 months, the company also increased its production of containerboard (including corrugated paper) by 4.1% to 65.7 thousand tons, and paper by 29.5% to 0.82 thousand tons.
In monetary terms, in January-October, PCPF-Ukraine produced products worth UAH 2 billion 237 million (+18.7%).
As reported with reference to the data collected by the association from the main enterprises of the industry, in January-October, the production of paper and cardboard in Ukraine increased by 2.8% compared to the same period in 2023 – to almost 496 thousand tons, cardboard boxes – by 15.1%, to 490 million square meters.
Poninkivska Paper Mill (formerly Poninkiv Cardboard and Paper Mill), once the largest producer of school notebooks, now has one main production line – paper and cardboard, producing mainly corrugated cardboard and corrugated packaging, as well as wrapping and waste paper.
The factory is part of the United Cardboard Company-Ukraine (UCK, Lutsk) owned by businessman Mykola Lobov, whose production assets include, among others, Lutsk KPF-Ukraine (Volyn region), which produced 52.7 thousand tons of various cardboard (down 3%) and 40.5 million square meters of corrugated boxes in ten months (according to Ukrpapir), compared to 10 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.
In January-September 2024, PZU Ukraine Insurance Company (Kyiv) collected UAH 1.645 billion in insurance premiums, which is UAH 331 million, or 25.2%, more than in 2023.
According to the insurer’s information, the largest increase in payments for the period under review occurred in the VHI (+41%), MTPL (+39%), Green Card (+19%) and hull insurance (+18%) segments.
In the first nine months of the year, UAH 307 million of premiums were collected under motor hull insurance contracts, which is 19% of the insurer’s total payments, UAH 411 million (25%) under the Green Card, and UAH 462 million (28%) under MTPL.
In turn, the share of VHI in the company’s portfolio amounted to 15%, with UAH 165 million of premiums collected under VHI policies.
In the first half of 2024, the volume of revenues of IC “PZU Ukraine” under other insurance contracts amounted to UAH 220 million.
IC “PZU Ukraine” is a part of one of the largest insurance groups in Central and Eastern Europe – PZU Group (which includes the parent company of PZU Ukraine – PZU S.A.).
A Development is resuming the implementation of its flagship project, Richert & Park, in the Podil district of the capital, and is expected to sign a memorandum with the city to fix investment commitments, the company’s press service told Interfax-Ukraine.
According to the updated concept, the construction area within Nyzhnyoyurkivska, Kyrylivska and Mylniy Lane streets will be reduced by almost 40 thousand square meters. A 5.85-hectare park with a cultural and sports center will be built on the newly formed site.
The implementation of the Richert & Park project in its rethought concept will provide the local community with relevant infrastructure functions, open a new page in the history of the monument complex after the completion of their restoration, and the 5.85-hectare park area, in addition to our patronage initiative to create a vertical park, will become the property of the entire city, providing local residents with landscaped green areas that are so lacking in Podil,” said A Development owner and CEO Oleksiy Baranov.
Currently, A Development is at the final stage of signing a memorandum with the city represented by Podil District State Administration, which sets out the developer’s obligations in relation to the territory.
The obligations include compliance with the height limits agreed with local residents during public hearings on the project; investment of UAH 40 million in the renovation of a school chosen by the local community; a set of restoration works on architectural monuments for which the developer has signed protection agreements; and improvement of the territory adjacent to the construction site.
The company undertakes to finance a project to create a public park on the slopes of Mount Yurkovytsia with an area of 6.5 hectares. UAH 40 million has been allocated for this purpose.
This vertical park will include walking areas and viewing terraces and will remain on the balance sheet of Kyivzelenbud for the care, preservation, and development of the green zone. The urban analysis and development of the park concept are currently being finalized. The team of Vlodko Zotov’s GA Initiative Architecture Bureau is working on the project. The next step will be to submit the concept for public discussion.
A Development also reported that, pending the signing of the memorandum, construction work has already resumed, but only within the queues where the maximum height of buildings does not exceed 27 m, for which the developer has a full package of permits. The team of Andriy Pashenko’s architectural studio is updating the concept of the fifth and sixth stages. Its presentation will be announced later.
A Development was established in 2017. Among its completed projects are the multifunctional residential complexes Smart Plaza Obolon, Smart Plaza Polyteh, and the Smart Hub Obolon business center. As of 2024, the company continues to build a shopping mall in the White Lines project, the residential sections of which were completed and put into operation during the full-scale invasion. A Station is among the completed projects of renovation of historical real estate.
In January-October 2024, Kokhavyno Paper Mill (KPM, Lviv region), which produces sanitary paper products, increased its production by 78.3% year-on-year to UAH 1 billion 711.5 million, according to statistics from UkrPapir Association.
As reported, in the first nine months of the year, the mill’s production growth was 75.1% compared to the same period in 2023, and in the first eight months it was 67%.
According to the association’s statistics provided to Interfax-Ukraine, in physical terms, the production of the base paper for sanitary products at the factory increased by 39.5% to 48.2 thousand tons during this period.
The output of toilet paper in rolls amounted to 113.5 million units, having increased slightly in January-October 2023. KPF confidently ranks second in terms of its output after Kyiv CPP.
As reported, in October last year, Kokhava Pulp and Paper Mill put into operation a paper machine for the production of cellulose base paper (previously, it produced only waste paper). To organize such production in 2021, the mill attracted a EUR 13.8 million loan from the EBRD.
Kokhava Pulp and Paper Mill, which has been operating since 1939, produces base paper for sanitary and hygiene products, as well as toilet paper and paper towels. Before the new machine was put into operation, the mill had two paper machines with a total capacity of 40 thousand tons of base paper per year.
In 2023, the factory increased its production by 18% compared to 2022, to UAH 1 billion 151.2 million, and its net profit increased 2.7 times to UAH 137 million.
The agricultural holding Continental Farmers Group is completing the harvesting of the late crop group, for which more than 93 thousand hectares were allocated in the 2024 season, the press service of the agricultural holding reported.
According to the report, Continental has already harvested sunflower from an area of 13 thou hectares, soybeans from 46.5 thou hectares, potatoes from 1.8 thou hectares, sugar beets from 3.2 thou hectares, and is completing threshing corn from 28.5 thou hectares. For all major crops, the company managed to achieve the appropriate quality indicators and exceeded the planned yield.
In addition, Continental has also completed sowing winter crops for the 2025 harvest and sowed 85.2 thousand hectares.
According to Georg von Nolken, CEO of Continental Farmers Group, the agricultural holding’s team has coped with its production targets and achieved the planned results in its operations.
“We continue to work in difficult, unpredictable conditions: we sow and harvest crops, support the national economy and local communities at a time when both the internal situation in the country and the circumstances on foreign markets pose serious challenges to the agricultural business. Effective technologies, well-established processes and reliable support from a strategic international investor allow Continental to remain stable and even grow in such conditions,” Georg von Nolken emphasized and added that the company managed to achieve its goals thanks to teamwork.
According to the agroholding, in the 2024 season, Continental expanded its storage capacity and bought a 120 thsd ton elevator in Lviv region. In addition, the company created its own railroad fleet of 250 grain cars. This allowed Continental to start developing a new business area in the region – trading – and to develop its own logistics and infrastructure.
The agricultural holding also upgraded its agricultural machinery fleet and carried out the planned modernization of its potato and elevator facilities.
“Next year, the company will stick to its existing production strategy: the priority is to continuously improve operational efficiency, technology, advanced agronomic practices, sustainable development and regenerative production approaches,” Continental summarized.
Mriya Agroholding and CFG, united under the name Continental Farmers Group, have been operating as a single business since November 2018, when Mriya entered into an agreement with international investor Salic UK to sell its assets.
Salic was founded in 2012. Its sole shareholder is the Saudi Arabian Public Investment Fund, which invests in agricultural and livestock production.
In October 2024, TAS Insurance Group (Kyiv) paid UAH 191.1 million under the concluded insurance contracts, which is 56.1% more than the amount of the company’s indemnities for the same month in 2023.
According to the insurer’s website, more than a quarter of the total volume of payments, or 28.8%, accounted for hull insurance – UAH 54.8 million, which is 41% higher than the corresponding figure for October 2023, for MTPL – 28.9%, or UAH 55.3 million (+ 16.7%), for Green Card – 23.4%, or UAH 44.8 million (3.5 times more).
The share of VHI in the company’s claims portfolio amounted to 15.3%, or UAH 28.9 million (+44.1%) in October.
Under other insurance contracts, the company paid UAH 7.38 million (+2.6 times).
TAS Insurance Group was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.
