Business news from Ukraine

Business news from Ukraine

“Slavic Wallpaper-KFTB” increased its wallpaper production by 4%

21 September , 2024  

JSC Slavic Wallpaper-KFTB (Koryukivka, Chernihiv region), a leading Ukrainian wallpaper producer, produced 11.2 million conventional pieces of wallpaper in January-August 2024, up 3.9% compared to the same period in 2023.
According to statistics provided by Ukrpapir Association to Interfax-Ukraine, the company’s output growth rate slowed further in the first eight months of the year compared to the same period last year: it was 8.9% in the first six months and 6.8% in the first seven months.
Also, in monetary terms, the factory’s production volume in January-August increased by 2% to UAH 851.5 million.
In August, the company produced 1.32 million meters of wallpaper, which is 13.8% less than in August-2023 and 15.8% less than in July this year.
The EBA has no data on wallpaper production in Ukraine in January-August 2024, as the State Statistics Service has stopped providing it.
As reported, in 2023, Slavic Wallpaper-KFTB increased its wallpaper production by 19% compared to 2022, to 16.2 million meters, production volume increased by 38.2% to UAH 1 billion 249 million, and net profit increased almost eightfold to UAH 47.7 million.
Earlier, the company noted that as a result of Russian aggression, sales volumes, especially through retail channels, had significantly decreased.
JSC Slavic Wallpaper-KFTB produces more than 10 types of wallpaper from the economy segment (paper, duplex, acrylic) to premium wallpaper (vinyl, non-woven, hot stamped).
In addition, the factory produces its own latex, water-dispersion paint under the Latex brand.

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