Business news from Ukraine

Lviv Cardboard and Paper Company has increased its output by 21%

16 August , 2023  

LLC “Cardboard and Paper Company” (Lviv), a major Ukrainian manufacturer of cardboard sleeves and sanitary products, in January-July 2023 increased its output by 21.2% to UAH 746.83 million compared to the same period of 2022.

According to the statistical data provided to Interfax-Ukraine by UkrPapir Association, in physical terms the company increased the output of cardboard products by 2.6% to 15.7 thousand tons, and of base paper for sanitary-hygienic products by 4.1% to 4.3 thousand tons. The output of toilet paper in rolls increased by 42% to 3.3 million pieces.

At the same time in July the company increased the output of paper and cardboard by 4.3% compared to the same month last year – up to 3.3 thousand tons, which is also 30% more than in June this year.

“Cardboard and Paper Company” produces products and semi-finished products from waste paperboard (cardboard sheets, corners, sleeves), pulp and recycled waste paper (toilet paper, towels, napkins TM Papero). The company supplies its products to EU countries, among others.

Among its customers are Biosphere, Arterium, Nestle, Hlebprom, and Yarich.

As reported, in 2022, the factory, without suspending work during the year, increased the volume of marketable products by 51.5% compared to 2021 – up to 1 billion 186 million UAH. Net profit tripled to UAH 263.7 mln.

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