Business news from Ukraine

“Poninkivska CPPF-Ukraine increased corrugated packaging production by more than quarter

15 November , 2023  

In January-October, Poninkivska Cardboard and Paper Mill-Ukraine (PCPF-Ukraine, Khmelnytsky region), a major Ukrainian corrugated cardboard producer, increased its corrugated packaging output by 25.3% compared to the same period in 2022, to 71.2 million square meters.

According to Ukrpapir Association statistics provided to Interfax-Ukraine, the mill continues to be among the top three producers of this product after Kyiv Cardboard and Paper Mill and Trypillia Packaging Plant.

According to statistics, over the past ten months, the mill’s paper production also increased by 29% to 0.65 thousand tons and its containerboard production by 9.2% to 93.9 thousand tons.

At the same time, in October, production of corrugated boxes at PCBF-Ukraine increased by 30% to 7.8 million square meters by October 2022, and paper and cardboard production by 22.5% to 7.2 thousand tons.

In monetary terms, in January-October, PCBF-Ukraine produced more than UAH 962 million worth of products, up 8.8% year-on-year.

As reported with reference to the data collected by the association from the main enterprises of the industry, over ten months in Ukraine, there was an increase in the production of paper and cardboard by 11.4% (to 454.9 thousand tons), and cardboard boxes – by 18.1% (to 428.7 million square meters).

Poninkivske Mill (formerly Poninkivske Cardboard and Paper Mill), once the largest producer of school notebooks, now has one main production facility – paper and cardboard, producing mainly corrugated cardboard and corrugated packaging, as well as wrapping and waste paper.

The plant is part of the United Cardboard Company-Ukraine (UCC, Lutsk) owned by businessman Mykola Lobov, whose production assets include, among others, Lutsk KPF-Ukraine (Volyn region), which produced 54.3 thousand tons of various cardboard (31% more) and almost 10 million square meters of corrugated boxes in January-October (according to Ukrpapir).

As reported, in 2022, PCPF-Ukraine produced products worth UAH 2 billion 446 million, up 6.5% year-on-year.

,