Business news from Ukraine

Kyiv Pulp and Paper Mill increases production by 16%

17 June , 2023  

In January-May 2023, the volume of marketable products of Kyiv Cardboard and Paper Mill (Kyiv Pulp and Paper Mill, Obukhiv, Kyiv region), Ukraine’s industry leader in this indicator, amounted to UAH 3 billion 063 million, which is 16.2% more than in the same period of 2022.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, the mill thus slowed down the growth rate of this indicator slightly compared to the same period last year (in January-March, the growth exceeded 27%, in January-April – 21.7%).
In physical terms, the plant increased production of corrugated boxes by 36.6% to 88.33 million square meters. Cardboard output increased by 20.6% to 69.6 thousand tons, driven by a 36.4% increase in containerboard output to 57.5 thousand tons, while boxboard output decreased by 22% to 12.1 thousand tons.
At the same time, the output of base paper for sanitary and hygiene products maintained a negative trend: in January-May it decreased by 29.6% to 17.55 thousand tons, while the production of toilet paper in rolls fell by 30% to 99.3 million units.
Despite the decline in toilet paper production, the plant maintains a strong leadership in its production in Ukraine. In total, over five months, the industry’s major companies produced 238.27 million rolls (down 8%).
As reported earlier, the plant noted that the market for sanitary products in Ukraine had shrunk by 18-35%, taking into account the overall state of the economy, population decline (in particular, due to those who left the country and the loss of consumers in the occupied territories).
According to the industry association’s data from the main industry enterprises, in January-May 2023, there was a 12% increase in paper and cardboard production (218.61 thousand tons) and a 21.4% increase in cardboard boxes (197.26 million square meters).
Kyiv Pulp and Paper Mill is one of Europe’s largest cardboard and paper production companies with a staff of more than 2,500 people.
As reported, in 2022, the mill produced UAH 7 billion 432 million worth of products, which is 3.5% less than in 2021.
Pulp Mill Holding (Austria) owns 100% of the shares of PJSC KKBK.
According to the mill’s announcement in the NSSMC’s information disclosure system, the shareholder’s decision on June 12 elected a new supervisory board – it was again headed by Timur Sokolov, and three more shareholder representatives were re-elected for a new term – Heinz Zinner, director of Pulp Mill Holding, Osman Ismet Mustekaplioglu, president of the board of the Turkish REİS Pazarlama Ve Ticaret, and Stefan Prodol, managing director of the German Jacob Jürgensen und Zellstoff.
Oleh Dubrovka was removed from the SB and replaced by Ivo Valchev, Sales Director of Austrian Andritz AG for Tissue and Board, who became Deputy Chairman of the SB.
In addition, Klaus Gissing, Director of the Austrian Tissue Innovation & Application Center, was appointed to the new Supervisory Board as an independent member.