In January-April, Trypillia Packaging Plant (TUP, Ukrainka, Kyiv region), a subsidiary of Rubizhne Cardboard and Packaging Plant, which has stopped operations in Luhansk region, increased its corrugated packaging output by 24.7% year-on-year to 53.4 million square meters in January-April.
According to statistics provided to Interfax-Ukraine by UkrPapir Association, the mill has thus slightly accelerated the growth rate of corrugated packaging output compared to the same period last year – in January-March it was 20.8%, and in January-February it was 12.3%.
The plant consistently ranks second in corrugated packaging production after Kyiv Cardboard and Paper Mill (73.1 million square meters).
In particular, in April, TUK increased its corrugated packaging production by 37% year-on-year and by 3.2% year-on-year to 14 million square meters.
In monetary terms, TUK’s production increased by 9% over the four months to UAH 872.4 million.
In January-April, the major companies in the industry that provided data to Ukrpapir increased production of cardboard boxes by 21.6% to 187.4 million square meters.
As reported, before Russia’s full-scale invasion of Ukraine, Rubizhne Pulp and Paper Mill together with TUK were the market leaders in the corrugated packaging market in Ukraine.
After the destruction, the plant in Rubizhne shut down, and the legal entity Rubizhne CTC 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, Trypillia Paper Mill increased its sales volume by 13.7% compared to 2022, to UAH 2 billion 480 million, while corrugated packaging production increased by 17.9% to 145.8 million square meters.
Forecast of unemployment rate in Ukraine according to methodology of international labor organization until 2025
Source: Open4Business.com.ua and experts.news
The shareholders of Ukrainian Fire Insurance Company (Kyiv) at a meeting on May 7 decided to allocate UAH 25.6 million for dividends, according to the company’s information posted in the NSSMC system.
The amount of dividends per share is UAH 1.6.
As reported, the company planned to allocate the retained earnings of “UPSK” for 2022 to pay dividends.
“UPSC” PrJSC was registered in 1993. It specializes, in particular, in insurance of motor vehicles, financial risks, tourists, property, cargo and luggage.
The insurer is a member of the Motor (Transport) Insurance Bureau of Ukraine and holds 36 insurance licenses: 20 for voluntary insurance and 16 for compulsory insurance.
The authorized capital of the insurer is UAH 100 million.
Japan’s economy contracted 0.5% in the first quarter relative to the previous three months, according to preliminary government data. Analysts, whose average estimates are quoted by Trading Economics, had expected a 0.4% decline in GDP.
According to the revised data, the economy was unchanged in the fourth quarter of 2023, while previously reported growth of 0.1%.
On an annualized basis, Japanese GDP contracted 2% last quarter after a revised zero change a quarter earlier. The consensus forecast called for a 1.5% drop in January-March.
Consumer spending in the first quarter decreased by 0.7% relative to the previous three months, business investment – by 0.8%. Government spending rose by 0.2%.
Exports decreased by 5% after growth of 2.8% quarter earlier, imports – by 3.4% (+1.8% in October-December).
Earlier Experts Club analytical center and Maxim Urakin released a video analysis of how the GDP of the world’s countries has changed in recent years, more detailed video analysis is available here – https://youtu.be/w5fF_GYyrIc?si=BsZmIUERHSBJrO_3.
Subscribe to Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub
Ukrainian enterprises in January-April this year increased imports of copper and copper products in value terms by 41.4% compared to the same period last year – up to $53.034 million. According to customs statistics released by the State Customs Service of Ukraine on Friday, exports of copper and copper products for the period decreased by 8.1% – to $25.077 million.
In April, imported copper for $11.015 million, exported – for $6.949 million.
As reported, Ukraine in 2023 increased imports of copper and copper products in 2.2 times compared to 2022 – up to $140.795 million, exports decreased by 20.1% – to $72.078 million.
Ukrainian enterprises in 2022 reduced imports of copper and copper products in value terms by 64.3% year-on-year to $65.370 million, while their exports decreased by 56.3% to $90.245 million.
“Ukrzaliznytsia” plans pilot projects of inclusiveness of railway stations, starting with reconstruction of historical buildings in Kiev and Lviv, said the head of the project “Bezbar’ierna zaliznytsia” of JSC “Ukrzaliznytsia” Yarema Dul during the National Tourism Summit on Friday in Lviv.
“It is planned reconstruction of these stations, taking into account that these buildings are monuments of cultural heritage, raising the aprons, arrangement of elevators to them. Now the project documentation is being developed,” he told the agency “Interfax-Ukraine”.
According to the head of the project, these stations were chosen as pilot stations because they are leading in terms of passenger traffic served.
“The task is for the passenger to get into his carriage barrier-free. Today we have, for example, in Kiev, only the first platform is high,” he said.
At the same time, Yarema Dul added that part of the platform should remain low, so that it was possible to accept trains with low entrance.
