Business news from Ukraine

Business news from Ukraine

PONINKA CARDBOARD MILL RAISES UP PRODUCTION BY 79% IN 2021

A large Ukrainian manufacturer of corrugated board – Poninka Cardboard and Paper Mill-Ukraine LLC – in 2021 produced goods worth UAH 2.308 billion, which is 79.3% more than in the same period of 2020.
According to the statistics of the Ukrpapir association provided to Interfax-Ukraine, the mill has thus accelerated the growth rate of this indicator over the same period last year – in January-September it was 75.2%.
In quantity terms, the mill increased production of containerboard (including corrugated paper) by 12.8%, to almost 93,000 tonnes, but reduced production of corrugated boxes from it by 6.5%, to 81.7 million square meters. In addition, paper production decreased by almost 44.5%, to 600 tonnes.
Poninka paper mill (formerly the Poninka Cardboard and Paper Mill), once the largest manufacturer of school exercise books, was founded in the village of Poninka more than 200 years ago. Currently, it has one main production – paper and cardboard, and produces mainly corrugated packaging, as well as wrapping, recycled paper.
In terms of production of corrugated packaging, the mill currently ranks third in Ukraine after the leading manufacturers – Rubizhne and Kyivsky cardboard mills.

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