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.

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Ukraine and Croatia develop cooperation in field of culture

Acting Minister of Culture and Information Policy (MCIP) Rostislav Karandeyev discussed with the Ambassador of the Republic of Croatia to Ukraine Anica Dzhamic the preservation of cultural heritage amid ongoing Russian aggression, the press service of the Ministry of Culture and Information Policy reported.

“The discussion focused on the needs of Ukraine in the field of preservation of cultural heritage suffering from Russian aggression, return of cultural values, protection of intangible cultural heritage. It was also about cooperation within the framework of UNESCO activities,” the report said.

Karandeev spoke about the challenges facing Ukraine. Among them, in particular, the preservation of cultural heritage and people of the cultural sphere. He thanked the Croatian government for financial and material assistance to Ukrainian citizens who will continue to need it because of Russia’s aggression.

“We would like our citizens to keep in touch with their country and not lose their Ukrainian identity. It is important to create favorable conditions for this,” said Karandeev.

Also, the head of the Ministry of Culture emphasized the need for Ukraine to create a depository for the preservation of evacuated museum values and emphasized the value of Croatian experience in this matter. He also proposed to intensify cultural cooperation: the organization of Ukrainian exhibitions, tours, film screenings in Croatia, as well as the creation of conditions for learning the Ukrainian language and support for book publishing, translations of Ukrainian authors into Croatian.

In addition, the parties discussed the problems of preservation of intangible cultural heritage, in particular, the Greeks of the Azov region.

In turn, the Croatian Ambassador offered to hold an online meeting with the responsible persons in the Ministry of Culture and Media of the Republic of Croatia on the preservation of cultural heritage, and reiterated support for Ukraine.

“Croatia has been with Ukraine since the first days of the war, primarily because of its own experience of the war it lived through. Our experience helps Ukraine to more quickly master the processes that await it, as well as to avoid mistakes that the country may make out of inexperience,” said the Ambassador.

 

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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.

In Ukraine there is significant decrease in selling prices for sugar – experts

In Ukraine there is a significant decrease in selling prices for sugar, which are 26.5-27.5 UAH/kg, which is caused not so much by the growth of sugar reserves in the country, but by difficulties with exports, said the analytical cooperative “Pusk”, established within the framework of the All-Ukrainian Agrarian Rada (VAR).

“In August, Ukraine exported only 3-4,000 tons of sugar, which is critically low compared to the 100,000 tons exported two months ago. The Ukrainian sugar market is facing difficulties as we are now fully focused on domestic consumer demand,” analysts said.

Experts expect further increase in sugar stocks in Ukraine as domestic production will grow. Against the background of closed exports to Europe, Ukrainian producers need to look for new markets, they advise.

“In the new season, Europe will also increase sugar production, which will complicate the realization of Ukrainian products internationally. Objectively, by January 2025, Ukraine will have to either pay high export duties or wait for the zeroing of quotas,” Pusk stated and added that prices will be low in the new season.

 

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