Business news from Ukraine

Business news from Ukraine

“Slavic Wallpapers” increased production by 2.2%

Slavic Wallpaper-KFTP JSC (Koryukivka, Chernihiv region), a leading Ukrainian wallpaper producer, produced 15.37 million conventional pieces of wallpaper in January-November 2024, up 2.2% compared to the same period in 2023.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, the company’s output growth rate for the first 11 months of the year was almost the same as in the same period last year: it was 2.3% in the first 10 months.
In monetary terms, the factory’s production increased by 1% to UAH 1 billion 168 million in January-November.
In November, the company produced 1.32 million units of wallpaper, up 1.2% compared to November 2023, but down 9.3% compared to October this year.
The Association does not have data on wallpaper production in Ukraine in general for 11 months of 2024, as the State Statistics Service has stopped providing it.
JSC Slavic Wallpaper-KFTP produces more than 10 types of wallpaper from the economy segment (paper, duplex, acrylic) to premium wallpaper (vinyl, non-woven, hot stamped), as well as its own latex, water-dispersion paint under the Latex brand.
As reported, in 2023, Slavic Wallpapers-KFTP increased its wallpaper production by 19% compared to 2022, to 16.2 million units, production volume 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 have significantly decreased, especially through retail channels.

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Slavic Wallpapers – KFTB increased its net profit by 7.7 times

JSC “Slavic Wallpapers – KFTB” (formerly Koryukivka Technical Paper Factory, Chernihiv region), a leading Ukrainian wallpaper manufacturer, reported a net profit of UAH 47.68 million in 2023, up almost 7.7 times compared to the same period in 2022.

According to the announcement of a general meeting of shareholders to be held on April 30 on the results of work in 2023, the company does not plan to distribute the profit.

According to Clarity-project, at the beginning of this year, the company’s retained earnings amounted to UAH 1 billion 908 million.

As reported, in 2022, the factory reduced its net profit seven times year-on-year to UAH 6.22 million.

At the meeting, shareholders plan to re-elect the supervisory board, among other things.

According to the NSSMC, as of the third quarter of 2023, 56.12% of the JSC’s shares were owned by Slavich-Invest LLC, and another 24.991% by Slavich Trading House LLC (both based in Koryukivka).

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

As reported, in 2023, KFTB produced 16.2 million conventional pieces of wallpaper, up 19% year-on-year, with production increasing by 38.2% to UAH 1 billion 249 million.

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Slavic Wallpapers – KFTB slows down growth rate of wallpaper production to 9.4% in January-February

Slavic Wallpaper – KFTB (formerly Koryukivka Technical Paper Factory, Chernihiv region), Ukraine’s leading wallpaper producer, produced 2.41 million conventional pieces of wallpaper in January-February, up 9.4% year-on-year.

According to statistics provided by Ukrpapir Association to Interfax-Ukraine, the company’s output growth rate slowed slightly in the first two months of the year, to 18.1% in January.

At the same time, in monetary terms, the plant’s production increased by 8.6% to UAH 205.5 million.

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

As reported, in 2023, the factory increased its wallpaper output by 19% compared to 2022 to 16.2 million units, while production increased by 38.2% to UAH 1 billion 249 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, producing 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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“Slavic Wallpapers – KFTB” increased its wallpaper production by 19%

JSC Slavic Wallpapers – KFTB (formerly Koryukivka Technical Paper Factory, Chernihiv region), a leading Ukrainian wallpaper producer, produced 16.2 million conventional pieces of wallpaper in 2023, up 19% from 2022.

According to statistics provided by UkrPapir Association to Interfax-Ukraine, in December, in particular, 1.12 million conventional pieces were produced, down 2% from December 2022 and 13% from November 2023.

At the same time, in monetary terms, the factory’s production volume increased by 38.2% to UAH 1 billion 249 million last year.

The EBA has no data on wallpaper production in Ukraine as a whole, as the State Statistics Service stopped providing it in 2019.

As reported, in 2022, the factory reduced wallpaper production by 2.4 times compared to pre-war 2021 to 13.59 million pieces, while production decreased by 45% to UAH 903.55 million.

The company noted that the Russian aggression had significantly reduced sales, especially through retail channels. The factory exported 56% of its products in 2022, mainly to Uzbekistan, Latvia, Kyrgyzstan, Kazakhstan, and Azerbaijan.

JSC Slavic Wallpaper-KFTB is one of the largest European wallpaper factories producing 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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