Business news from Ukraine

Business news from Ukraine

Trypillia Packaging Plant maintains 22% increase in corrugated packaging output

Trypillia Packaging Plant (TUP, Ukrainka, Kyiv region), a subsidiary of the shutdown Rubizhne Cardboard and Packaging Plant in Luhansk region, increased its corrugated packaging output by 21.9% in January-July compared to the same period in 2023, to 94.9 million square meters.

According to Ukrpapir Association statistics provided to Interfax-Ukraine, the plant is now the second largest producer of corrugated packaging after Kyiv Cardboard and Paper Mill (128.8 million square meters).

As reported, in the first half of the year, the plant increased its corrugated packaging production by 22.3% compared to the same period in 2023.

According to the association, in July, TUK increased its corrugated packaging production by 20% year-on-year and up to 14.9 million square meters by June this year.

In monetary terms, TUK’s production in January-July increased by 9.8% to UAH 1 billion 545 million.

The major companies in the industry that provided data to Ukrpapir increased production of cardboard boxes by 18.5% to almost 335 million square meters during this period.

As reported, before Russia’s full-scale invasion of Ukraine, Rubizhne Pulp and Paper Mill together with TUK were the leading corrugated box producers in Ukraine.

After the destruction, the plant in Rubizhne shut down, and the legal entity Rubizhne CTC JSC was re-registered in Kyiv.

TUC produces a wide range of corrugated cardboard products for food, industrial goods, and chemicals. Among its customers are Roshen, Coca-Cola, MHP agricultural holding, and Lactalis Group.

In 2023, the plant increased its commercial output by 13.7% compared to 2022, to UAH 2 billion 480 million, while corrugated packaging production increased by 18% to 145.8 million square meters.

State budget financing, % of GDP

State budget financing, % of GDP

Source: Open4Business.com.ua

“Ukrzaliznytsia” has increased container rail transportation by 58%

Rail container transportation in Ukraine in the first seven months of 2024 amounted to 160,268 thousand twenty-foot equivalent units (TEUs), which is 58% more than in the same period last year, said Valery Tkachev, Deputy Director of the Department of Transportation Technology and Commercial Work of Ukrzaliznytsia (UZ).
“This means that we have a record volume of transportation in seven months. It even surpassed the pre-war figures,” he said at a meeting of the export office on Wednesday.
In addition, the Liski Transport Service Center is going to start signing long-term contracts with cargo owners for the use of fitting platforms for a specific period of time and at a fixed price, which will depend on the volume of transportation, Ukrzaliznytsia reported.

,

Danish company Grundfos has provided 120 sets of pumping equipment for enterprises of Donetsk region

The Danish company Grundfos Holding A/S has provided 120 sets of pumping equipment for the municipal enterprises “Water of Donbass” and “Donetskteplocomunenergo”, which will improve the operation of critical infrastructure of life support systems, said Vadym Filashkin, Chairman of the Regional State Administration of Water Supply.

“The regional utility companies Voda Donbassa and Donetskteplokomunenergo will modernize and re-equip important facilities with the support of Grundfos Holding A/S from Denmark, which provided 120 sets of pumping equipment,” he said in his telegram channel.

According to the head of the UWA, the pumps will help improve the critical infrastructure of life support systems, which is especially important for the provision of utilities in the current environment, as well as in preparation for the new heating season.

Filashkin expressed his gratitude to international partners for their continued support.

Polish fashion brand to open 5 new stores in Ukraine

Polish fashion brand Sinsay, owned by the large retail group LPP, plans to open five new stores in Ukraine by the end of the summer.

According to the retailer’s website, the store in Tyachiv (Zakarpattia region) is scheduled to open on August 19, in Yuzhnoukrainsk (Mykolaiv region) – on August 22, in Kryvyi Rih, Zhytomyr and Poltava – on August 23.

As reported, the Polish group LPP, which owns the brands Reserved, Sinsay and others, plans to double the number of its stores in the next three years, betting on the budget brand Sinsay and the overall growth of the company’s sales. There are plans to reach 4755 stores by the end of 2026, of which 3248 are Sinsay stores.

The group has more than 140 stores in Ukraine.

At the end of 2023, the group’s sales increased by 9.3% to PLN 17.41 billion, while net profit increased by 85.5% to PLN 1.61 billion.

“Kharkivoblenergo” built 25 km of modern overhead lines this year

Amid the hostilities in the region, Kharkivoblenergo JSC is implementing the key tasks of its investment program in the form of new construction, technical re-equipment and reconstruction of power grids and equipment.

“Since the beginning of the year, about 25 km of modern overhead lines have been built, 1134 poles have been replaced, and 5 new power substations have been installed,” the company’s press service said on Wednesday.

In particular, overhead power lines are being replaced in several settlements of Kharkiv and Chuhuiv districts of the region, new modern power poles and transformer substations are being installed. The replacement of overhead lines involves laying insulated self-supporting wires instead of non-insulated ones, which reduces the number of emergency outages, reduces operating costs for repairs, maintenance and disaster relief, and eliminates the cost of tree trimming.

“The key goal of all these measures is to improve the quality of services to consumers and increase the level of reliability of electricity supply SAIDI (the index of the average duration of long interruptions in electricity supply) and SAIFI (the index of the average frequency of long interruptions in electricity supply),” Kharkivoblenergo said.

According to the distribution system operator (DSO), in Sheludkivka, Chuhuiv district, the reconstruction of 5.4 km of 0.4 kV and 10 kV OHLs was completed with the replacement of 238 poles and a new 160 kVA unloading substation was installed. In Sokolove village, 5.37 km of 0.4 kV and 10 kV overhead lines were reconstructed and 287 poles replaced.

In Kharkiv district, which has been under constant shelling by Russian subversive forces for the past month, 14 km of 04 kV and 10 kV OHLs were completed in Peresichne village, 609 poles were replaced, and two new 250 kVA substations were installed. According to experts, the economic effect of the modernization will amount to UAH 4.3 million per year.

“The current state of the grids and their capacity affect the quality and reliability of electricity supply to consumers. Therefore, effective measures include the replacement of overhead lines with modern ones, which involves, in particular, increasing the capacity of wires and arranging new complete and unloading substations,” Vyacheslav Kravtsov, acting CEO of Kharkivoblenergo, explained, as quoted by the press service.

According to him, the investment program primarily includes those projects for the reconstruction of overhead lines and substations with a service life of more than 40 years, and some facilities have reached 70 years.