Business news from Ukraine

Lviv-based Cardboard and Paper Company maintains slight decline in production

19 June , 2024  

Lviv-based Cardboard and Paper Company LLC, a major Ukrainian manufacturer of cardboard tubes, produced products worth UAH 506.2 million in January-May 2024, down 3.5% from the same period in 2023.

According to UkrPapir Association statistics provided to Interfax-Ukraine, the company reduced its output of cardboard products by 17.4% in physical terms to 9.4 thousand tons, while it increased its production of paper base for sanitary products by 27% to 3.6 thousand tons. The production of toilet paper in rolls decreased by 13.4% to almost 2 million units.

At the same time, in May, the company reduced its paper and cardboard production by 4.6% by May 2023, but increased it by 90% by April this year, to almost 3 thousand tons.

LLC “Cardboard and Paper Company” produces products and semi-finished products from waste cardboard (cardboard sheets, corners, sleeves), cellulose and recycled waste paper (toilet paper, towels, napkins TM Papero). The company supplies its products, in particular, to the EU countries.

Among its customers are Biosphere, Arterium, Nestle, Khlibprom, Yarych, and Galych dairy companies.

As reported, in 2023, the company increased its production by 7% compared to 2022, to UAH 1.27 billion.