Business news from Ukraine

Business news from Ukraine

“Poninkivka Paperboard Factory-Ukraine” increased output of corrugated packaging by 31.6%

18 July , 2023  

A major Ukrainian producer of corrugated cardboard – Poninkivska Cardboard and Paper Factory-Ukraine (“PKBF-Ukraine”, Khmelnytskyi region) in January-June 2023 increased the output of corrugated packaging by 31.6% compared to the same period of 2022 – up to 40.9 million sq. m.

According to statistical data provided to Interfax-Ukraine by the UkrPapir association, thus, the factory continues to be among the three Ukrainian leaders in the production of these products after Kyiv Cardboard and Paper Mill (108.2 mln sq.m.) and Tripillya Packaging Mill (65.4 mln sq.m.).

According to statistics, in January-June the production of paper at the mill increased by 3.8% to 0.3 thousand tons, containerboard – by 20.8% to 36.9 thousand tons.

At the same time, in June-2023 the production of corrugated boxes increased by 16.4% compared to June-2022 – up to 7.4 million square meters, and paper and cardboard production decreased by 7% – to almost 7 thousand tons.

According to the statistics of “UkrPapir”, in total, Poninkivska KBF-Ukraine for the first half of 2023 produced products worth UAH 1 billion 193 million – 19.7% more than a year earlier.

As reported with reference to the data collected by the association from the main enterprises of the industry, for six months of this year in Ukraine produced 260.55 thousand tons of paper and cardboard (9.8% more than in the same period last year), 239.31 million square meters of cardboard boxes (+18.3%).

Poninkovskaya Factory (formerly Poninkovsky Cardboard and Paper Mill), once the largest producer of school notebooks, now has one main production facility – paper and cardboard. It produces mainly corrugated cardboard and corrugated containers, as well as wrapping and waste paper.

The factory is part of the United Cardboard Company-Ukraine (UCC, Lutsk), whose production assets include, in particular, Lutsk KBF-Ukraine (Volyn region), which produced 28.4 thousand tons of various cardboard in January-June 2023 (according to UkrPapir) – 27.6% higher than in January-June 2022.

As reported, in 2022, Poninka CBF-Ukraine produced UAH 2 bln 446 mln worth of products – 6.5% more than a year earlier.