Business news from Ukraine

Business news from Ukraine

Ruta TM has increased production by 84%

In January-October 2023, Ruta, a major Ukrainian manufacturer of sanitary and hygienic paper products, whose management company is VGP JSC (Lutsk), produced UAH 1 billion 345.6 million worth of products, which is 83.8% more than in the same period in 2022.

According to UkrPapir’s statistics provided to Interfax-Ukraine, the company has thus slowed down the growth rate of production in monetary terms slightly compared to the same period last year: in nine months, the figure was 90%, and in eight months, 97.1%.

In terms of volume, the company’s production of toilet paper in rolls increased by 47% to 111.3 million units, which is still the third best result in the industry after Kyiv Cardboard and Paper Mill (213.3 million units) and Kokhava Paper Mill (113 million units).

The company produces pulp-based sanitary and hygiene products from imported base paper.

VGP’s brand portfolio includes napkins, toilet paper, paper handkerchiefs, and kitchen towels under the Ruta, Ruta Selecta, Fesko, Nosovic, Polotenchko, 100% paper, Servetta, and Ecolo brands. The assortment includes more than 180 items.

As reported with reference to Ukrpapir’s data, in 2022, VGP JSC produced products worth UAH 977.61 million, which is 2.8% more than a year earlier. At the same time, according to the company’s report, in physical terms (tons), production decreased by 27% due to the loss of some markets with the beginning of Russia’s military aggression in Ukraine.

Exports accounted for more than a quarter of sales in 2022. The paper used as the basis for production was purchased mainly in Turkey and Romania.

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Ukrainian Squash Cup 2023 will be held in Kyiv

On November 18-19, 2023, the National Squash Cup of Ukraine 2023 tournament will be held at the courts of the SPORT LIFE fitness center in Kyiv with the assistance of the Ukrainian Squash Federation and the Ministry of Youth and Sports of Ukraine.

The competition is held to popularize a healthy lifestyle and determine the best squash players in Ukraine.

The tournament will take place for 2 days in 7 categories:

Men, Women, Boys under 11, Girls under 11, Boys under 13, Girls under 13, Boys under 15.

A total of 130 players will take part in the tournament.

Players from Kyiv, Lviv, Kherson, Kharkiv, Dnipro, Khmelnytskyi, Poltava, and Odesa will take part in the tournament.

The competition will be held at 8 Samaila Koshky St., Kyiv.

Competition schedule:

Saturday, November 18, 10.00 – 20.00

Sunday, November 19, 10.00 – 18.00

The honorary guests of the competition will be Matviy Bidnyi, Minister of Youth and Sports of Ukraine, Georgiy Zantaraya, World Judo Champion, Head of the NOC of Ukraine Athletes Commission, Kyiv City Council member, Yulia Khan, Director of the Department of Youth and Sports in Kyiv, Stanislav Medvedenko, two-time NBA champion with the Los Angeles Lakers.

The awarding ceremony will take place on Sunday, November 19 at 18.00 in the SHEF restaurant.

“The Ukrainian Squash Cup 2023 is the most famous tournament in independent Ukraine. The scale of the championship is evidenced by both the number of participants and the large number of organizations involved in the preparation and holding of the competition.

The main organizer of the tournament is the NGO Squash Federation of Ukraine.

The main fitness partner of the event is the Sport Life fitness club network.

The main media partners of the tournament are Interfax-Ukraine and the Experts club analytical center.

Prizes and gifts from REIMA, TECNIFIBRE and EYE.

The official medical partner of the tournament is the ADONIS clinic network.

The official water of the tournament is KRAINA.

The official hotel of the tournament is FAVOR.

The partner of the party and awarding ceremony is the SHEF restaurant.

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Finland to send 20th package of military aid to Ukraine

On Friday, Finnish President Sauli Niinistö decided to send another military equipment to help Ukraine on the proposal of the government.

According to the Finnish government’s website, this will be the 20th delivery of military equipment to Ukraine. The replacement of the defense equipment contained in this package will cost Finland approximately EUR100 million.

“The total compensation value of the 20 packages of Finnish defense equipment now amounts to EUR 1.5 billion,” said Finnish Defense Minister Antti Kaikkonen.

For operational reasons, and to ensure that the aid reaches its destination safely, no further information will be disclosed about the contents of the package, the method of delivery or the schedule.

The government noted that the decision to provide additional assistance took into account both the needs of Ukraine and the resources of the Finnish Defense Forces.

“The prospects for security in Europe and Finland in the current decade are at stake in Ukraine’s defense struggle. Together with our allies, we remain unwavering in our commitment to support Ukrainians,” Mr. Kaikkonen emphasized.

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Lviv-based Cardboard and Paper Company has increased production this year

Cardboard and Paper Company LLC (Lviv), a major Ukrainian manufacturer of cardboard tubes and sanitary products, increased its production by 11.5% in January-October 2023, up to UAH 1 billion 070.5 million, compared to the same period in 2022.

According to UkrPapir Association statistics provided to Interfax-Ukraine, the company increased its output of cardboard products by 3.4% to 22.7 thousand tons and of base paper for sanitary products by 12.5% to 6.5 thousand tons in physical terms. Production of toilet paper in rolls increased by 52.3% to 5.13 million units.

At the same time, in October, the company increased its paper and cardboard production by 36% compared to the same month last year, to 3.04 thousand tons, which is 2.7% less than in September this year.

LLC “Cardboard and Paper Company” produces products and semi-finished products from waste cardboard (cardboard sheets, corners, sleeves), cellulose and recycled waste paper (toilet paper, towels, napkins TM Papero). The company supplies its products, in particular, to the EU countries.

Among its customers are Biosphere and Arterium corporations, Nestle, Khlibprom, and Yarych confectionery.

As reported, in 2022, the factory increased its commercial output by 51.5% compared to 2021, up to UAH 1 billion 186 million, without stopping work during the year. Net profit tripled to UAH 263.7 million.

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More than 2 thousand trucks waiting to leave Poland for Ukraine

As of Tuesday morning, November 17, approximately 2,400 trucks are waiting to leave Poland at three checkpoints on the Ukrainian-Polish border – Yagodyn-Dorogusk, Krakovets-Korcheva, and Rava-Ruska-Krebenne, said Andriy Demchenko, spokesman for the State Border Guard Service of Ukraine (SBGS).

“Unfortunately, the blocking of traffic for trucks in three directions has been in place since November 6. As of this morning, there are about 2,400 trucks on the territory of Poland heading out of this country to Ukraine. Most of them are in front of the Yagodyn checkpoint – 1,100 trucks, the rest are heading towards the Krakovets and Rava-Ruska checkpoints,” he said on the air of the national telethon.

The speaker noted that the strikers let several vehicles pass in all directions in an hour.

“The only more or less intense traffic we see is at the Krakovets checkpoint, when trucks are traveling from Ukraine to Poland,” Demchenko said.

He added that in general, the number of vehicles waiting to cross the border from Poland to Ukraine has been at the level of 2400-2500 in recent days.

“At the same time, carriers are choosing other routes. For several days now, we have been observing a congestion of trucks opposite the Shehyni checkpoint. There are about 1,100 trucks there,” the State Border Guard Service said.

As reported, on November 6, Polish carriers began a blockade of freight traffic at three checkpoints: Korchova-Krakovets, Hrebenne-Rava-Ruska and Dorohusk-Yagodyn.

Ukraine’s Ambassador to Poland Vasyl Zvarych said that the blockade of freight traffic towards the three checkpoints on the Ukrainian-Polish border is a “painful stab in the back of Ukraine” and jeopardizes the “solidarity corridors” that carry Ukrainian grain to third countries.

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Dry port for grain exports to Europe will be built in Zakarpattia

A “dry port” for grain exports to Europe will be built in the village of Horonda, Mukachevo district, Zakarpattia region, the press service of the Zakarpattia Regional State Administration reported on Facebook.

“A multimodal logistics hub for grain exports to the EU will appear in Zakarpattia. We are working with Italian investors to implement the Horonda Platform project in the village of Horonda, Mukachevo district,” said Viktor Mykyta, head of the Transcarpathian Regional State Administration.

According to him, the project provides for the creation of opportunities for transshipment of agricultural products from a wide to a narrow road, the emergence of storage facilities, and the provision of a center with containers for grain, sunflower oil, etc. Horonda Platform is expected to create more than 200 new jobs in the Zakarpattia region.

“The emergence of such a land grain corridor in our region is a priority task of national importance. This project is especially important in times of war. We are grateful for the great trust of the country’s leadership and international investors,” emphasized Mykyta.

Representatives of the Italian companies involved in the project, including FS Holding, Mercitalia Rail, and Mercitalia Terminal, emphasized that they are interested in strengthening communication with the Ukrainian side, including Zakarpattia, in socio-economic, legal, and other aspects.

 

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