In January-August 2024, Kokhavyno Paper Mill (KPM, Lviv region), which produces sanitary paper products, increased its production by 67.4% year-on-year to UAH 1 billion 279 million, according to statistics from UkrPapir Association.
As reported, in the first seven months of the year, the mill’s production growth was 61.1%, and in the first six months of the year it was 54.5% compared to the same period last year.
According to the association’s statistics provided to Interfax-Ukraine, the production of the base paper for sanitary products at the mill increased by 34.8% to 37.7 thousand tons over the eight months.
The production of toilet paper in rolls remained at the last year’s level – 90.4 million units. 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-based products). 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 pulp mills with a total capacity of 40 thousand tons of base paper per year.
In 2023, the plant increased its production by 18% compared to 2022 to UAH 1 billion 151.2 million, while net profit increased 2.7 times to UAH 137 million.
Druzhkovka Metalware Plant (DZMZ, Donetsk region) intends to allocate UAH 19.936 million to pay dividends based on the results of its operations in 2023.
This main issue is on the agenda of the general meeting of shareholders scheduled for October 18, 2024, which will be held remotely.
The draft decision provides for the payment of dividends from retained earnings for 2023 in the amount of UAH 0.30 per 1 share (total number of shares – 66 million 453,976 thousand). Dividends will be paid directly to shareholders.
In 2023, the net profit of the company amounted to UAH 24.049 million, and in 2022 – UAH 33.832 million.
At a meeting held on April 29, 2024, the shareholders decided to leave the profit for 2023 undistributed and not to accrue or pay dividends.
Druzhkovka Metal Products Plant specializes in the production of hardware products: bolts, nuts, rivets for general engineering, fasteners for the upper structure of railway tracks, high-strength fasteners for building and bridge structures. In May 2022, the company issued an order to terminate employment contracts due to Russia’s military aggression and the inability to carry out production and business activities. Later, the company changed its legal address from Druzhkivka, Donetsk region, to Dnipro, Dnipro region.
According to the fourth quarter of 2022, the company’s shares were owned by an individual Oleksiy Spyridonov, who held 14.9949%, Olena Mishchenko-Solona (resident of Spain) – 13.0304%, Iryna Mishchenko – 24.5167%, Serhiy Popkov – 5.8611%, Anton Malikov – 9.75%, Olena Malikova – 8.25%, Valeriy and Dmytro Malikov – 9.774% each.
The authorized capital of the company is UAH 3.323 million, the nominal value of 1 share is UAH 0.05.
Poninkivska Cardboard and Paper Mill-Ukraine (PKPF-Ukraine, Khmelnytsky region), a major Ukrainian corrugated cardboard producer, increased its corrugated packaging output by 19% in January-August 2024 compared to the same period in 2023, to 63.64 million square meters.
According to statistics provided to Interfax-Ukraine by Ukrpapir Association, the mill continues to be one of the top three producers of corrugated packaging after Kyiv Cardboard and Paper Mill and Trypillia Packaging Plant.
Over eight months, the company also increased its production of containerboard (including corrugated paper) by 4.1% to 51.3 thousand tons, and produced more paper by 75% to 0.72 thousand tons.
In monetary terms, in January-August, PCBF-Ukraine produced products worth UAH 1 billion 742.5 million (+16.5%).
As reported with reference to the data collected by the association from the main enterprises of the industry, in January-August 2024, the production of paper and cardboard in Ukraine increased by 3% compared to the same period in 2023 – up to 390.5 thousand tons, cardboard boxes – by 17%, to 384.3 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 plant is part of the United Cardboard Company-Ukraine (UCC, Lutsk) owned by businessman Mykola Lobov, whose production assets include, among others, Lutsk KPF-Ukraine (Volyn region), which produced 41.4 thousand tons of various cardboard in eight months (according to Ukrpapir), almost the same as last year, and 31.8 million square meters of corrugated boxes, compared to 2.7 million square meters a year earlier.
As reported, in 2023, PCBF-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 August 2024, TAS Insurance Group (Kyiv) paid UAH 149.7 million under the concluded insurance contracts, which is 30.7% more than the amount of the company’s indemnities for the same month last year, according to the insurer’s website.
More than a quarter of the volume of payments, or 28.7%, fell on hull insurance – UAH 42.9 million, which is 10.2% more than the corresponding figure for August 2023, 34.1%, or UAH 51.04 million – on MTPL (+25.8%), 16.7%, or UAH 25 million – on the Green Card (+37.8%).
The share of VHI in the company’s claims portfolio amounted to 14.9%, or UAH 22.23 million (+66.6%) for the first seven months of the year.
Under other insurance contracts, the company paid UAH 8.43 million (+2.4 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.
Lausanne, Switzerland, will host the Ukrainian Mine Action Conference (UMAC2024) on October 17-18, the Swiss Federal Council has announced.
“The event, which Switzerland is organizing jointly with Ukraine, will focus on the global aspects of humanitarian demining, in particular the three main components: people, partners and progress,” the statement said.
The goal of UMAC2024 is to discuss the role of mine action and their technological innovations.
The UMAC2024 conference on mine action in Ukraine will be attended by government officials, representatives of international organizations, the private sector and the scientific community.
Switzerland will be represented by the President of the Swiss Confederation, Viola Amgerd, who will open the conference, and the head of the Ministry of Foreign Affairs, Ignazio Cassis.
Source: https://interfax.com.ua/
On September 18, 2024, the 64th auction of Ukrainian Collectible Art will start at Goldens auction house. The selection represents works by Ukrainian artists of different time periods – from the late nineteenth century to the late twentieth century – and brings together rare works by masters whose work has become an integral part of the cultural heritage of Ukraine and Europe.
In total, the auction features over 40 lots – a unique collection of collectible works by artists of various art schools and movements. It is important to note that many of the works presented have been published in books and albums, and some of them have been exhibited in group or solo exhibitions, which certainly adds to the collection’s value. The auction exhibition and silent auction “Ukrainian Collectible Art” will start its work on September 18. The exhibition will be open until September 26 inclusive. Bids for the lots are accepted in the silent auction mode in the exhibition hall and on the website www.gs-art.com in the catalog section of the 64th auction. The final bidding of the auction will take place on September 26 (Thursday) throughout the day, and at 19:00 on September 26, bidding for the lots will be completed by step closing of the lots at the last current bid.
Among the prominent names of the Kyiv school, the auction will feature works by Anatolii Turovskyi, Mariia Prymachenko, Mykola Hlushchenko, and the Sixties artists Alla Horska and Viktor Zaretskyi. Anatolii Turovskyi’s works rarely appear on the art market and are always of interest to collectors. The names of Mariia Prymachenko, Mykola Hlushchenko, Alla Horska and Viktor Zaretskyi are among the pantheon of artists whose works add weight to any collection. The auction will feature a graphic work by Alla Horska from 1960 and a painting by Viktor Zaretskyi from 1986-1990, which is one of the highlights of the collection. In his “Date”, his unique style is most vividly expressed: a combination of modernism and Ukrainian national tradition, the dominance of drama and exquisite decorative elements.
