Rubizhne cardboard packaging mill in Luhansk region, one of Ukraine’s largest cardboard packaging producers, produced 81.05 million square meters of corrugated cardboard boxes in January-April 2019, including goods from its Trypilsky packaging plant, which is 2.6% up year-over-year.
The UkrPapir association said that the mills decreased production of components of corrugated cardboard (cardboard and fluting) by 22.3%, to 76,000 tonnes.
The total commodity amount produced by both plants in the period in monetary terms fell by 12.8%, to UAH 1.565 billion.
According to UkrPapir association, cardboard packaging production in Ukraine in January-March 2019 fell by 3.6% and amounted to 319.8 million square meters.
The Rubizhne cardboard packaging mill has worked on the packaging market since 1991, and specializes in the production of components for corrugated cardboard (cardboard and fluting) and corrugated cardboard boxes.
Its most important customers are large confectioneries, juice and tobacco producers.
The Rubizhne cardboard packaging mill acquired Trypilsky packaging plant in 2002 and subsequently began producing corrugated cardboard and corrugated packaging.
Grigeo Klaipeda (Lithuania), which owns the major stake (more than 97.92%) in PJSC Mena Pack (Mena, Chernihiv region), a manufacturer of corrugated boxes, intends to use the right of squeeze-out.
According to a report by Mena Pack in the information disclosure system of the National Commission on Securities and Stock Market, it received the corresponding notification on November 27.
Grigeo Klaipeda has been holding the major stake in the company since 2012. The charter capital of the company is UAH 4.01 million, the nominal value of shares is UAH 5.
Mena Pack, which has been operating in the corrugated packaging market for more than 30 years, produces corrugated packaging made of three-layer corrugated cardboard for tobacco, food and construction industries.
Grigeo Klaipeda is part of Grigeo Group, the only manufacturer of chipboard, cardboard and sanitary paper in Lithuania and one of the largest in the Baltic States. Grigeo Klaipeda produces components for corrugated cardboard.