Business news from Ukraine

Business news from Ukraine

“Carton and Paper Company” increased production volume by 30%

In January-May 2023, the Carton and Paper Company (Lviv), a major Ukrainian manufacturer of carton sleeves and sanitary products, increased its output by 29.9% in comparison with the same period of 2022 – up to UAH 524.47 million.
According to statistics from association “UkrPapir” given to agency “Interfax-Ukraine”, in volume terms, the company increased the output of cardboard products by 8.8% – to 11.4 thousand tons, and paper-base for sanitary products has slightly decreased – to 2.8 thousand tons. Production of toilet paper in rolls increased by 28% to 2.3 million pieces.
The Company increased its paper and paperboard output by 2.6% to 3.1 thousand tons in May compared to the same month in 2022.
“Cardboard and Paper Company” (until 2011 – “Lvivkartonoplast”) produces products and semi-finished products of waste paper (cardboard sheets, corners, sleeves), pulp and recycled waste paper (toilet paper, towels, napkins TM Papero).
The products are exported to 23 countries.
As it was reported, in 2022 the factory, without stopping the work during the year, has increased the volume of marketable output by 51,5% compared to 2021 – up to 1 billion 186 million UAH. Net profit tripled to 263.7 mln hryvnia.

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