Public joint-stock company Ukrplastic (Kyiv), the leading manufacturer of flexible plastic packaging for consumer goods in Eastern Europe, plans to increase sales by 10% in 2018, to UAH 2.233 billion. This is outlined in a company annual report for 2017. “In 2018, the development of the company will first aim at retaining financial stability, expanding the range of flexible packages and developing the new market segments,” the company said.
According to the report, in 2017, net revenue fell by 4.7%, to UAH 2.03 billion, and net profit grew by 6%, to UAH 137.26 million. Gross profit shrank by 29.8%, to UAH 346.03 million, and operating profit grew by 10%, to UAH 437.77 million.
Ukrplastic produces flexible packaging materials for the food, cosmetic, pharmaceutical and other industries. According to the report, in 2017, the release of packaging materials by trademarks amounted to: BIPAN – 1,340 tonnes, VIPAN – 589 tonnes, ALPAN -7,150 tonnes, SOLAN – 10,28o tonnes, and TWISPAN – 3,730 tonnes.
PJSC Ukrplastic represents the Immer Group in Ukraine.
