Business news from Ukraine

Business news from Ukraine

“Slavic Wallpaper-KFTB” increased its wallpaper production by 7%

17 August , 2024  

JSC Slavic Wallpaper-KFTB (Koryukivka, Chernihiv region), a leading Ukrainian wallpaper producer, produced 9.9 million conventional pieces of wallpaper in January-July 2024, up 6.8% year-on-year.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, the company’s production growth rate slowed in the first seven months of the year compared to the same period last year, which was 8.9% in the first half of the year.
At the same time, in monetary terms, the factory’s production volume in January-July increased by 5.3% to UAH 757.6 million.
In July, the company produced 1.57 million units of wallpaper, which is 3% less than in July 2023 and 8% less than in June this year.
The EBA has no data on the total production of wallpaper in Ukraine in January-July 2024, as the State Statistics Service has stopped providing it.
As reported, in 2023, Slavic Wallpaper-KFTP increased its wallpaper production by 19% compared to 2022, to 16.2 million meters, while production 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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