Business news from Ukraine

ZHYDACHIV PULP AND PAPER MILL EXCEEDS PRODUCTION TARGET IN 2018

Zhydachiv Pulp and Paper Mill (Lviv region), which resumed operations in May 2017, made products for UAH 453.64 million in 2018.
As reported, the mill last year initially planned to double production compared with 2017, when production volume was UAH 210.5 million (in May-December).
According to the UkrPapir association, last year the plant produced 4,740 tonnes of paper and 31,420 tonnes of cardboard (including corrugated paper), as well as 15.35 million square meters of corrugated boxes.
Another enterprise of the holding, Izmail Pulp and Paper Mill (Odesa region), produced goods for UAH 98.62 million in 2018, which was 28% more than a year ago. The mill increased package cardboard output by 26%, to 14,830 tonnes and corrugated box output by 23.7%, to 18.33 square meters.
Zhydachiv Pulp and Paper Mill, once one of the top three enterprises in the industry and the only manufacturer of newsprint in Ukraine at that time, was put into operation in 1951, in the best 2000s its output reached UAH 500 million. It had been standing idle since September 2014 till May 2017.

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