Business news from Ukraine

“Poninkovskaya KBF-Ukraine” increases corrugated packaging production by 21%

“Poninkivska Cardboard and Paper Mill-Ukraine (PCPM-Ukraine, Khmelnytsky region), a major Ukrainian corrugated cardboard producer, increased its corrugated packaging output by 21.2% in January-April 2024 compared to the same period in 2023, to 30.5 million square meters.

According to Ukrpapir Association statistics provided to Interfax-Ukraine, the mill is now one of the top three producers of corrugated packaging after Kyiv Cardboard and Paper Mill and Trypillia Packaging Mill.

Over four months, the plant also increased production of containerboard by 11% to 24.4 thousand tons, and produced 0.33 thousand tons of paper against 0.21 thousand tons a year earlier.

In monetary terms, in January-April, PCBF-Ukraine produced UAH 838.3 million worth of products, up 13.2%.

As reported with reference to the data collected by the association from the main enterprises of the industry, in January-April 2024, the production of paper and cardboard in Ukraine increased by 6.5% compared to the same period in 2023 – up to 189.7 thousand tons, cardboard boxes – by 21.7%, to 187.4 million square meters.

Poninkivska Paper Mill (formerly Poninkiv Cardboard and Paper Mill), once the largest producer of school notebooks, now has one main production line – paper and cardboard, producing mainly corrugated cardboard and corrugated packaging, as well as wrapping and waste paper.

The plant is part of the United Cardboard Company-Ukraine (UCC, Lutsk) owned by businessman Mykola Lobov, whose production assets include, among others, Lutsk KBF-Ukraine (Volyn region), which produced 21.2 thousand tons of various cardboard (21.8% more) and 14.8 million square meters of corrugated boxes in four months (according to Ukrpapir).

As reported, in 2023, PCBF-Ukraine produced products worth almost UAH 2 billion 450 million, up 3% year-on-year.