Business news from Ukraine

Business news from Ukraine

RUBIZHNE CARDBOARD PACKAGING MILL SEES 14.5% RISE IN OUTPUT

Rubizhne cardboard packaging mill in Luhansk region, one of Ukraine’s largest cardboard packaging producers, produced 188.62 million square meters of corrugated cardboard boxes in January-September 2018, including goods from its Trypilsky packaging plant, which is 14.5% up year-over-year. The mills increased production of components of corrugated cardboard (cardboard and fluting) by 4.4%, to 219,210 tonnes.
The total commodity amount produced by both plants in the period in monetary terms grew by 30.6%, to UAH 4.138 billion. According to UkrPapir association, cardboard packaging production in Ukraine in January-September 2018 grew by 1.2% and amounted to 748.29 million square meters.
The Rubizhne cardboard packaging mill has worked on the packaging market since 1991, and specializes in the production of components for corrugated cardboard (cardboard and fluting) and corrugated cardboard boxes. Its most important customers are large confectioneries, juice and tobacco producers. The Rubizhne cardboard packaging mill acquired Trypilsky packaging plant in 2002 and subsequently began producing corrugated cardboard and corrugated packaging.

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RUBIZHNE CARDBOARD MILL PRODUCES 145 MLN SQUARE METERS OF CORRUGATED CARDBOARD BOXES

Rubizhne cardboard packaging mill in Luhansk region, one of Ukraine’s largest cardboard packaging producers, produced 145.56 million square meters of corrugated cardboard boxes in January-July 2018, including goods from its Trypilsky packaging plant, which is 16.2% up year-over-year. The mills increased production of components of corrugated cardboard (cardboard and fluting) by 4.7%, to 168,920 tonnes.
The total commodity amount produced by both plants in the period in monetary terms grew by 32%, to UAH 3.168 billion.
According to UkrPapir association, cardboard packaging production in Ukraine in January-July 2018 grew by 4.9% and amounted to 583.45 million square meters.
The Rubizhne cardboard packaging mill has worked on the packaging market since 1991, and specializes in the production of components for corrugated cardboard (cardboard and fluting) and corrugated cardboard boxes.
Its most important customers are large confectioneries, juice and tobacco producers. The Rubizhne cardboard packaging mill acquired Trypilsky packaging plant in 2002 and subsequently began producing corrugated cardboard and corrugated packaging.

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RUBIZHNE CARDBOARD MILL SEES 2.2-FOLD RISE IN NET PROFIT

Public joint-stock company Rubizhne cardboard packaging mill in Luhansk region, one of Ukraine’s largest cardboard packaging producers, tentatively saw UAH 322.35 million in net profit in 2017, which is a 2.2-fold rise year-over-year.
According to an announcement on holding a general meeting of shareholders scheduled for April 26, undistributed profit as of early 2017 was UAH 711.52 million (UAH 350.48 million a year ago).
As reported, in 2016, the mill saw UAH 147.44 million of net profit compared with UAH 284.84 million of loss a year ago.
The mill said that its current liabilities fell by 34%, to UAH 626.94 million, while noncurrent liabilities soared 2.4-fold, to UAH 487.26 million.
Total bills receivable grew by 23.7%, to UAH 641.2 million, and assets rose by 13.6%, to UAH 2.253 billion.
Net worth as of early 2018 totaled UAH 1.139 billion, including UAH 16.75 million of the charter capital.
The Rubizhne cardboard packaging mill has worked on the packaging market since 1991, and specializes in the production of components for corrugated cardboard (cardboard and fluting) and corrugated cardboard boxes.
Its most important customers are large confectioneries, juice and tobacco producers.

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