Kormotech expands to Lithuania
ЄБРР підтримує будівництво нового заводу компанії з позикою у 10 мільйонів євро. Кормотех розширить свої внутрішні та міжнародні операції завдяки кредиту на суму до 10 мільйонів євро, наданому ЄБРР.
EBRD supports construction of new plant with €10 million loan.
Kormotech will substantially expand its domestic and international operations thanks to a loan of up to €10 million provided by the EBRD.
The funds are part of a wider investment programme which includes the construction of a new production facility in Lithuania and the expansion of the company’s activities in Ukraine. Legal due diligence for the project is partially unded by the Japan-EBRD Technical Cooperation Fund.
As part of the project Kormotech will support the expansion of specialised veterinary education across Ukraine to improve the job prospects of young professionals from remote areas.
Kormotech is one of the top three market players in the Ukrainian pet food market and the first and largest Ukrainian producer of high-quality pet food for cats and dogs. The company is privately-owned and has grown rapidly since its establishment in 2003. With the current expansion program the company intends to meet growing domestic demand as well as diversify its sales
geographically. By the end of 2023, Kormotech aims to double its revenue comparing to 2019 and to get on the top pet food companies list. Today Kormotech's products are sold to 25 countries worldwide, with the main focus on the European market. Lithuanian facility will ease export to Scandinavian, some European countries and Latin America.
The EBRD is a leading institutional investor in Ukraine and to date has committed more than €14.5 billion in over 450 projects to the country. The Bank’s investments in Lithuania stand at €900 million at present.
Other news by Kormotech
Kormotech initiated a census of animal shelters in Ukraine
The project was launched within the Save Pets of Ukraine initiative. It will help to create an effective system of timely and regular care for dogs and cats.
Kormotech is switching to "green" energy
The company concluded an eight-year contract for using wind energy for power supply at its plant in Lithuania. Kormotech conserves resources and continues to implement ecological production technologies.
Generators, outsourcing and stocks. Kormotech to provide services during blackouts
This week, new powerful generators were installed at our Ukrainian facilities in Prylbychi. This is another step to guarantee timely shipments of our products. Another additional solution which enables our company to fulfill the obligations and commitment to our clients is outsourcing and stocking products in warehouses which we already have.
Kormotech Transformation with "RISE with SAP"
It is a shared project with Enzym that will help companies improve all business processes, increase productivity and optimize costs. Therefore, it is faster to adapt to changes in the market.