Business news from Ukraine

ZHYDACHIV PULP AND PAPER MILL CUTS PRODUCTION IN JAN-APR

Zhydachiv Pulp and Paper Mill (Lviv region), part of Osnova holding, in January-April 2020 produced UAH 61.8 million worth of products, which is 56.5% less than in the same period in 2019.
According to statistics from the UkrPapir association, in January-April 2020, the plant decreased production of corrugated packaging by 15%, to 5.06 million square meters, and reduced production of cardboard and paper for corrugating by some 63%, to 3,600 tonnes. At the same time, paper production fell by 40%, to 1,030 tonnes.
Another enterprise of the holding, Izmail Pulp and Paper Mill (Odesa region), decreased its production 16.7%, to UAH 45.7 million. Package cardboard output fell by 21.8%, to 3,070 tonnes and corrugated box output rose by 3%, to 5.3 million square meters.
Zhydachiv Pulp and Paper Mill was put into operation in 1951. Now the mill produces mainly corrugated cardboard and corrugated boxes.

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