Business news from Ukraine

Business news from Ukraine

Tripillya Packaging Plant has increased production by 29%

Tripillya Packaging Combine (TPC, Ukrainka, Kyiv region), a subsidiary of Rubizhansky Cardboard and Packaging Plant, which stopped its work in Lugansk region, in January-July this year produced UAH 1 billion 406.7 million, which is 28.7% more than in the same period of 2022.

According to statistical data provided to Interfax-Ukraine by the UkrPapir association, the mill produced 77.86 million square meters of corrugated packaging during this period – 16.6% more, which consistently remains the second result in terms of output after Kiev Cardboard and Paper Mill (128.2 million square meters).

Including in July, the mill increased the output of these products by 2% against July-2022 and by 12% against June this year – up to 12.45 million square meters.

In total, the main enterprises of the industry, providing data from the association “UkrPapir”, in January-July produced 283.45 million square meters of cardboard packaging – 16.3% more than in the same period of 2022, including in July – 44.14 million square meters (6.6% more).

As reported, before the full-scale invasion of Ukraine by the Russian Federation, Rubizhansky KTK together with TUK predominantly led the market of corrugated packaging producers in Ukraine.

After the destruction, the plant in Rubizhne was shut down and the legal entity “Rubizhansky KTK” was re-registered in Kyiv.

TUK produces a wide range of corrugated cardboard products for foodstuffs, industrial goods, and goods of chemical industry.

Among its clients are Roshen, Coca-Cola, agricultural holding MHP, and Lactalis Group.

According to Opendatabot, RKTK JSC owns 99.96% in TUK LLC, and the ultimate beneficiary is the general director (and beneficiary) of Rubizhansky KTK JSC, Gennady Minin, who since September 2022 also manages the Tripillya Packing Plant.

TUK in 2022 received almost UAH 232 mln of net profit and UAH 2.38 bln of revenue.

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