Business news from Ukraine

Business news from Ukraine

Zhydachiv Pulp and Paper Mill increased output by 21.7%

22 November , 2022  

In January-October 2022, the Zhidachevsk Paper and Pulp Mill (ZhPPM, Lviv region), which is part of the Osnova holding, increased its output by 21.7% compared to the same period of 2021 – up to UAH 413.38 million.
According to the statistic data given to “Interfax-Ukraine” agency by association “UkrPapir”, thus, according to the results of 10 months the rate of increase of this index to the similar period of last year slowed down a little bit (in nine months it was 23.2%, in eight – 30%).
The production of corrugated cardboard boxes in physical terms remains a stable positive trend, having increased by 29.5% – to 15.9 million square meters. At the same time the production of containerboard (including corrugated paper) decreased by 15.5% – to 10.7 thousand tons.
At the same time, there was a significant reduction in paper output – down 42% to 3,35 thousand tons.
As reported with reference to the Association, in January-October, the total production of paper and cardboard in Ukraine decreased by 44% compared to the same period last year – up to 415.8 thousand tons, corrugated board – by 41.5%, to 364.2 million square meters.
At the same time, Ukraine’s largest corrugated packaging manufacturer – Rubizhansky KTK received damage and stopped, but its subsidiary in the Kiev region – Trypolsky packaging plant continues to work. According to “UkrPapir”, over the 10 months it produced 1.78 billion UAH, and corrugated packaging made 102.4 million square meters (the second figure after the Kiev KBC).
ZhCBK had suspended production since the start of Russia’s military aggression, but production was resumed in March.
According to the Association, another plant within the Osnova holding, the Izmail Pulp and Paperboard Mill (Odessa region), increased its output by 3.6%, to UAH 190.8 mln in January-October. In volume terms, the production of containerboard decreased by 35.4% to 6.3 thousand tons, corrugated board by 43.8% to 9.7 million square meters.