Business news from Ukraine

Business news from Ukraine

Zhydachiv Pulp and Paper Mill has reduced production

20 January , 2025  

In 2024, Zhydachiv Pulp and Paper Mill (ZhPPM, Lviv region) reduced its output by 13.7% compared to 2023, to UAH 455.3 million, according to statistics from Ukrpapir Association.
According to the data provided by the association to Interfax-Ukraine, in physical terms, corrugated packaging output decreased by 12.7% to 19.9 million square meters, paper output by 11.2% to 3.8 thousand tons, and containerboard output by almost 30% to 10.9 thousand tons.
At the same time, in December-2024, the plant reduced the production of corrugated boxes by 7% to December-2023 and to 1.5 million square meters by November-2024, while paper and cardboard production increased by 13.6% and decreased by 1.7% to 1.17 thousand tons, respectively.
As reported with reference to the association’s data obtained from the main industry enterprises, in 2024, the production of cardboard boxes in Ukraine increased by 12.3% compared to 2023, to 590.1 million square meters, and paper and cardboard by 3.1%, to 601 thousand tons (in particular, cardboard production decreased by 0.7%, to 463.5 thousand tons, and paper production increased by 18.2%, to 137.5 thousand tons).
ZhPPM has a paper production capacity of 43 thousand tons per year (base paper for corrugation, linerboard, cover paper), cardboard production capacity of 50 thousand tons, corrugated cardboard and corrugated packaging capacity of 120 million square meters, and injection molded containers (tray for 30 eggs) capacity of 72 million units per year.
The plant has a full production cycle: from processing of technological raw materials to production of finished corrugated products and cast containers.
In 2023, the plant produced UAH 527.6 million worth of products, up 3.3% compared to 2022. According to the Clarity-project project, in the same year, ZHBK increased its net profit by 51.2% to UAH 63.14 million by 2022, with net income growing by 5.6% to UAH 563.55 million.