Business news from Ukraine

Slavyanske Wallpapers – KFTB increased wallpaper output by 26.5%

JSC “Slavyanske Wallpapers – KFTB” (formerly – Koryukivska Factory of Technical Papers, Chernihiv region), a leading Ukrainian wallpaper manufacturer, in January-July this year produced 9.27 million conditional pieces of wallpaper – 26.5% more than in the same period of 2022.

According to statistical data from the UkrPapyr association provided to Interfax-Ukraine, in July, in particular, it produced 1.62 million conditioned pieces – 4.2% less than in July-2022, but 3.6% more than in June this year.

At the same time, in monetary terms, the factory’s output in January-July increased by 56.3% to UAH 719.3 mln.

As reported, in January-February this year, the factory showed a 10.7% drop in production volume to the same pre-war period of 2022 – to UAH 189.51 million, with wallpaper production falling by 40.5% to 2.18 million pieces.

According to the association “UkrPapir”, in 2022, the factory reduced the output of wallpaper 2.4 times to 2021 to 13.59 million усл. pieces, the production volume decreased by 45% to 903.55 million UAH.

Earlier, the company noted that due to Russian aggression last year significantly reduced sales volumes, especially through retail channels.

JSC “Slavic Wallpaper-KFTB” – one of the largest European wallpaper factories, produces more than 10 types of wallpaper from economy segment (paper, duplex, vakryl) to premium-class wallpaper (vinyl, fleece, hot stamping wallpaper). In addition, the factory has mastered the production of its own latex, water-dispersion paint (TM Latex).

In 2021, the share of exports in the total sales of the company amounted to 65% (or UAH 1.1 billion), and the largest importers were Latvia, Kazakhstan and Azerbaijan.

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