Business news from Ukraine

Business news from Ukraine

Trypillia Packaging Plant accelerates corrugated packaging output growth to 12% in January

Trypillia Packaging Plant (TUP, Ukrainka, Kyiv region), a subsidiary of Rubizhne Cardboard and Packaging Plant, which has stopped operations in Luhansk region, increased corrugated packaging output by 12.3% in January-February compared to the same period in 2023, to 25.8 million square meters.

According to statistics provided to Interfax-Ukraine by UkrPapir Association, the mill accelerated the growth rate of corrugated packaging output, which in January was 5% compared to January 2023.

In February, TUK increased its corrugated packaging production by 21% year-on-year.

The plant consistently ranks second in corrugated packaging production after Kyiv Cardboard and Paper Mill (33.4 million square meters).

Due to the growth in corrugated packaging production, the plant has achieved a positive production growth in monetary terms over the past two months, producing UAH 435.35 million worth of products (up 0.1%), while in January the decline was 6.6%.

As reported, the major companies in the industry, which provided data to UkrPapir, increased production of cardboard boxes by 12.3% to 87.3 million square meters in January-February.

As reported, before Russia’s full-scale invasion of Ukraine, Rubizhne Pulp and Paper Mill, together with TUK, were the leading corrugated packaging producers in Ukraine.

After the destruction, the plant in Rubizhne shut down, and the legal entity Rubizhne CTC was re-registered in Kyiv.

TUC produces a wide range of corrugated cardboard products for food, industrial goods and chemicals. Among its customers are Roshen, Coca-Cola, MHP agricultural holding, and Lactalis Group.

In 2023, Trypillia Paper Mill increased its sales volume by 13.7% compared to 2022, to UAH 2 billion 480 million, while corrugated packaging production increased by 17.9% to 145.8 million square meters.

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