Business news from Ukraine

Lviv Cardboard and Paper Company increased its output by 27.4%

17 July , 2023  

LLC “Cardboard and Paper Company” (Lviv), a major Ukrainian manufacturer of cardboard sleeves and sanitary products, in January-June 2023 increased its output by 27.4% to UAH 638.79 mln. in comparison with the same period of 2022.

According to the statistical data of UkrPapir Association provided to Interfax-Ukraine, in physical terms the company increased the output of cardboard products by 2.3% – up to 13.1 thousand tons, paper-base for sanitary-hygienic products by 4.2% – up to 3.6 thousand tons. At the same time, the output of toilet paper in rolls increased by 35.3%, amounting to 2.8 million pieces.

Meanwhile, in June, the company reduced the output of paper and cardboard by almost 16% compared to the same month last year – to 2.53 thousand tons, which is also 29.5% less than in May 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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