Business news from Ukraine

Business news from Ukraine

Kokhavyno Paper Mill increased production by 18%

16 January , 2024  

Kokhavyno Paper Mill (KBF, Lviv region), which produces sanitary paper products, increased its production by 18% in 2023 compared to 2022, to UAH 1 billion 151.2 million, according to statistics from Ukrpapir Association.

According to the data provided to Interfax-Ukraine, in physical terms, the production of paper base for sanitary products increased by 2.8% to 41.7 thousand tons. In particular, in December, its output increased by 3% to 3.6 thousand tons by December 2022.

Last year, the production of toilet paper in rolls increased by 4.5% to 138 million units. KBF retained second place in terms of its output after Kyiv pulp and paper mill (259.5 million units).

As reported, in October, Kokhava Pulp and Paper Mill commissioned a paper machine with an estimated capacity of 25 thousand tons per year to produce pulp base paper (previously it produced only waste paper-based products), creating up to 200 new jobs.

To organize such production in 2021, the pulp mill attracted an EBRD loan of EUR 13.8 million.

Operating since 1939, the Kokhavynske Paper Mill produces the base paper for sanitary and hygiene products, as well as toilet paper and paper towels. Before the new machine was put into operation, it had two paper machines with a total capacity of 40 thousand tons of base paper per year.

As reported, in 2022, KBF produced products worth UAH 975.3 million, up 44.8% year-on-year. Net profit decreased by 12.7% to UAH 52.4 million.

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