Business news from Ukraine

Business news from Ukraine

“Zelenyi Park” increased production by 25% in January and August

Zelenyi Park LLC (Izyaslav, Khmelnytskyi region), which produces corrugated paper (fluting) and containerboard, increased its production by 24.8% in January-August this year compared to the same period in 2023, to UAH 357.3 million.
According to statistics provided by Ukrpapir Association to Interfax-Ukraine, the company slightly accelerated the growth rate of this indicator over the first eight months of the year, up from 22.2% over the first seven months.
In January-August, production in physical terms increased by 10.8% to 20.25 thousand tons. At the same time, in August, the company increased production of fluting and test liners by 12.6% by August 2023 and by 52% by July this year – up to 3.43 thousand tons.
Green Park LLC was registered in 2011 and manufactures products from waste paper.
The factory 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% higher than a year earlier) on a 6.8% drop in revenue to UAH 498.6 million, and in the first half of this year increased revenue by 58.4% to UAH 258 million in January-June 2023, but suffered a loss of more than UAH 47 million.

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Zelenyi Park increased production by 22% in January-July this year

Zelenyi Park LLC (Iziaslav, Khmelnytskyi region), which produces corrugated paper (fluting) and containerboard, increased its production by 22.2% in January-July this year compared to the same period in 2023, to almost UAH 297 million.

According to UkrPapir Association’s statistics provided to Interfax-Ukraine, the company’s output increased by 10.5% in physical terms to 16.8 thousand tons. At the same time, in July, the company reduced production of fluting and testliner by 35% to 2.25 thousand tons by July 2023.

Zelenyi Park LLC was registered in 2011 and manufactures products from waste paper (the volume of acceptance of pressed sorted waste paper starts from 18 tons).

The factory 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, 100% of the company is owned by Cyprus-registered Carton Mill Limited, and the ultimate beneficiaries are Kyiv resident Volodymyr Shandra and ATB co-owner 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, and in the first half of this year increased revenue by 58.4% to UAH 258 million in January-June 2023, but suffered a loss of more than UAH 47 million.

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