Business news from Ukraine

Business news from Ukraine

“Slavic Wallpaper – KFTB” slowed down growth rate of wallpaper production to 13.6%

JSC Slavic Wallpapers – KFTB (Koryukivka, Chernihiv region), a leading Ukrainian wallpaper producer, produced 5.29 million standard pieces of wallpaper in January-April 2024, up 13.6% year-on-year.

According to statistics provided by UkrPapir Association to Interfax-Ukraine, the factory’s output growth rate for the first four months of the year was 21% compared to the same period last year: in January-March, the growth rate was 21%.

At the same time, the factory’s production volume in monetary terms increased by 14.8% to UAH 417.4 million over four months.

In April, the company produced 1.49 million conventional pieces of wallpaper, which is 2% less than in April-2023, but 6.3% more than in March this year.

The EBA has no data on wallpaper production in Ukraine in January-April 2024, as the State Statistics Service has stopped providing it.

As reported, in 2023, the factory increased its wallpaper production by 19% compared to 2022, to 16.2 million units, production 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 as a result of Russian aggression, sales volumes, especially through retail channels, had significantly decreased.

JSC Slavic Wallpaper-KFTB is one of the largest European wallpaper factories. It produces more than 10 types of wallpaper from the economy segment (paper, duplex, acrylic) to premium wallpaper (vinyl, non-woven, hot stamped).

In addition, the factory produces its own latex, water-dispersion paint under the Latex brand.

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