Business news from Ukraine

Business news from Ukraine

SLOVIANSKI SHPALERY WALLPAPER OUTPUT 20% UP IN 2018

Public joint-stock company Slovianski Shpalery-KFTB (previously Koriukivka industrial paper factory in Chernihiv region), one of the CIS’ major wallpaper producers, in January and February 2018 produced 3.16 million conventional sheets of wallpaper, which was 20.5% up from a year ago, according to the UkrPapir association.
According to the association, wallpaper production in Ukraine in January and February 2018 grew by 12.4%, to 4.48 million conventional sheets of wallpaper. The factory’s share of total production was 24%.
In February 2018, wallpaper production in Ukraine totaled 8,580 million conventional sheets of wallpaper, which was 21% more than in February and 91% more than January 2018.
Taking into account the production indicators, the volume of commodity products of the plant in January and February 2018 increased almost 1.5-fold, to UAH 158.79 million.
As reported, in 2017 the factory reduced wallpaper output by 6.1% compared to 2016, to 26.79 million conventional units. In monetary terms, the volume of production remained almost at the level of 2016, amounting to UAH 1.066 billion.
Slovianski Shpalery-KFTB cooperates with many well-known global raw material suppliers.
The factory produces several kinds of wallpaper, including washable, duplex, vinyl and acrylic wallpaper. It sells over 2,500 designs under the Slovianski Shpalery trademark.
Earlier around two-thirds of products made by the factory were supplied to Russia. The factory also shipped its products to the CIS and European countries.

RUBIZHNE CARDBOARD MILL has 26% RISE IN CORRUGATED CARDBOARD BOXES OUTPUT IN 2018

Rubizhne cardboard packaging mill in Luhansk region, one of Ukraine’s largest cardboard packaging producers, produced 36.46 million square meters of corrugated cardboard boxes in January and February 2018, including goods from its Trypilsky packaging plant, which is 26.3% up year-over-year.
The mills increased production of components of corrugated cardboard (cardboard and fluting) by 9.9%, to 46,090 tonnes.
The total commodity amount produced by both plants in the period in monetary terms grew by 45.1%, to UAH 858.85 million.
According to UkrPapir association, cardboard packaging production in Ukraine in January and February 2018 grew by 19.2% and amounted to 160.83 million square meters.
The Rubizhne cardboard packaging mill has worked on the packaging market since 1991, and specializes in the production of components for corrugated cardboard (cardboard and fluting) and corrugated cardboard boxes.
Its most important customers are large confectioneries, juice and tobacco producers.
The Rubizhne cardboard packaging mill acquired Trypilsky packaging plant in 2002 and subsequently began producing corrugated cardboard and corrugated packaging.

GOVT TO CONSIDER DRAFT NATIONAL SPACE PROGRAM FOR 2018-2022 DRAWN UP BY SSAU IN NEAR FUTURE – PM

The government expects that the draft national scientific and technical space program for 2018-2022 drawn up by the State Space Agency of Ukraine (SSAU) will be submitted to the government soon, Ukrainian Prime Minister Volodymyr Groysman has said.
“They [SSAU] are now preparing a new program, and will report on it and approve in the coming weeks,” he said in the Verkhovna Rada on Friday, March 16.
According to the prime minister, the current situation in the aerospace industry was discussed at a closed-door meeting in the Cabinet of Ministers held in January with the participation of all interested parties, during which he identified three top priority tasks in the SSAU’s work.
The head of government pointed out the increase in the effectiveness of cooperation under international space projects implemented with the participation of Ukraine, as well as the work of the industry to satisfy the internal needs of the state. “I do not want to dig into this issue, there are questions that I cannot talk about,” he said.
“The work is under way and will be considered by the government in closed-door mode, and appropriate decisions will be made,” the prime minister said.

STOLYCHNY ASPHALT plant SEES NET PROFIT RISE BY 1.5 TIMES IN 2017

PrJSC Stolychny asphalt plant (Kyiv) in 2017 saw its net profit rise by 1.5 times compared to 2016, to UAH 59.4 million.
According to a company report on holding a shareholders’ meeting, the company’s retained earnings increased by 30.7% in 2017, to UAH 99.8 million, the company’s assets increased by 21% compared to the previous year, to UAH 139.8 million.
Total debtor indebtedness in 2017 rose by 61%, to UAH 13.9 million, current liabilities increased by 7%, to UAH 8.7 million, while the company had no long-term liabilities.
As reported, Stolychny plant paid UAH 36 million to the shareholders in dividends for 2016.
PrJSC Stolychny asphalt plant was established in 2004. It specializes in production of asphalt mix for road construction and overhauls and reinforced concrete structures for underground walkways, collectors, and other engineering and communication facilities in road construction.

ORLEN RAISES FUEL SUPPLIES TO UKRAINE BY 11% IN 2017

Orlen Group increased petrol and diesel fuel supplies to Ukraine by 11% in 2017, the company’s report says. “Strong pressure is exerted in the Ukrainian fuel market on the part of Russian and Belarusian exporters, offering competitive prices. In spite of unfavorable conditions, Orlen Group increased sales of petrol and diesel fuel to the Ukrainian market by more than 11%,” the report says.
At the same time, the volumes of petrol and diesel fuel delivered in 2017 are not specified.
As reported, Ukraine in 2017 imported 7.828 million tonnes of petroleum products (under foreign economic activity code 2710 – petrol, diesel fuel, fuel oil, jet fuel, etc.) for a total of $4.159 billion, in particular in December for $433.776 million.
According to the State Fiscal Service, imports from Belarus totaled $1.828 billion (a share of 43.96%), Russia for $1.272 billion (30.6%), Lithuania for $469.398 million (11.29%), other countries for $588.944 million (14.16%).