Business news from Ukraine

Business news from Ukraine

“Slavic Wallpaper-KFTP” increased its wallpaper production by 2%

20 October , 2024  

Slavic Wallpaper-KFTP JSC (Koryukivka, Chernihiv region), a leading Ukrainian wallpaper producer, produced 12.6 million conventional pieces of wallpaper in January-September 2024, up 1.8% compared to the same period in 2023.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, the factory’s output growth rate slowed even further in the first nine months of the year compared to the same period last year: it was 6.8% in the first seven months and 3.9% in the first eight months.
However, in monetary terms, the factory’s production in January-September increased slightly (by 0.8%) to UAH 957.6 million.
In September, the company produced 1.39 million meters of wallpaper, which is 12.6% less than in September 2023, but 5.2% more than in August this year.
The Association does not have data on wallpaper production in Ukraine for the first nine months of 2024, as the State Statistics Service has stopped providing it.
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), as well as its own latex and water-dispersion paint.
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 sales volumes, especially through retail channels, had dropped significantly as a result of Russian aggression.

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