Zelenyi Park LLC (Iziaslav, Khmelnytskyi region), which produces corrugated paper (fluting) and containerboard, increased its production by 24% in January-October this year compared to the same period in 2023, to UAH 474.07 million.
According to statistics provided by Ukrpapir Association to Interfax-Ukraine, the company’s growth rate slowed slightly over the first 10 months of the year, compared to 26.6% in the first nine months of the year.
In January-October, the company’s output in physical terms increased by 8.6% to almost 27 thousand tons. At the same time, in October, the company reduced production of fluting and test liners by 9.4% by October 2023 and by 17% by September this year, to 3.1 thousand tons.
Zelenyi Park LLC was registered in 2011 and manufactures products from waste paper, processing up to 72 thousand tons of waste paper annually.
The plant is equipped with Finnish Valmet equipment, which allows it to produce fluting and testliner with a density of 70 to 200 g/sq. m and a roll width of up to 2.8 m.
According to the Clarity Project, the owner of 100% of Zelenyi Park LLC is Cyprus-registered Carton Mill Limited, and the ultimate beneficiaries are Kyiv resident Volodymyr Shandra and co-owner of ATB Corporation Gennadiy Butkevych.
The company ended 2023 with a loss of UAH 78.2 million (56% more than a year earlier) on a 6.8% drop in revenue to UAH 498.6 million.
