Business news from Ukraine

Business news from Ukraine

“Slavic Wallpaper-KFTB” maintains 9% growth rate in wallpaper production

20 July , 2024  

JSC Slavic Wallpapers-KFTB (Koryukivka, Chernihiv region), a leading Ukrainian wallpaper producer, produced 8.34 million conventional pieces of wallpaper in January-June 2024, up 8.9% year-on-year.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, the company maintained the growth rate of its output in the first six months of the year compared to the same period last year.
In monetary terms, the plant’s output for the first half of the year increased by 7.1% to UAH 641.4 million.
In June, the company produced 1.7 million units of wallpaper, which is 9.4% more than in June 2023 and 27.6% more than in May this year.
The EBA has no data on the total production of wallpaper in Ukraine in January-June 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 units, 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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