Business news from Ukraine

Business news from Ukraine

MALYN PAPER FACTORY INCREASES PRODUCTION BY OVER 80% IN JAN-NOV

16 December , 2015  

KYIV. Dec 16 (Interfax-Ukraine) – Weidmann Malyn paper factory (MPF, Zhytomyr region), the only producer of electrical insulating board for power engineering machines in Ukraine, increased production by 84% in January-November 2015 year-over-year, to UAH 374 million.

According to statistics of the Ukrpapir association, cardboard output in natural terms rose by 65.2%, to 4,900 tonnes, while paper production fell by 30%, to 3,800 tonnes.

The mill produces electrical insulating board, filter paper, stained base paper and cardboard, as well as a wide range of packaging and special types of paper. Raw materials are supplied from Russia, Austria and Sweden.

In 2014, electrical insulating board exports accounted for almost 70% to Ukraine and 25% to the CIS countries.

Transformer boards produced by the plant are sold in Ukraine (20%), the CIS states (30%) and non-CIS states (50%).

As reported, in 2014 Malyn paper factory increased production by 7.1% against 2013, to UAH 217.51 million, while paper production fell almost by 11%, to 6,040 tonnes, transformer board production dropped by 24.4%, to 3,140 tonnes.

Wicor Holding AG (Switzerland) owns a 94.6% stake in Malyn factory.