KORMOTECH IS INVESTING NEARLY 14 MILLION EUROS TO EXPAND ITS PRODUCTION CAPACITIES OVER TWO YEARS
The global pet food market is overgrowing, and there is already a need for more production capacities. This becomes evident when it comes to finding a partner for outsourcing or placing orders for the production of products under their brand names. We are convinced that it is crucial to invest in building brand recognition and expanding production simultaneously.
Despite a year of the war, Kormotech maintains its leadership in the Ukrainian market and produces over a quarter of the pet food sold in Ukraine. In 2022, the pet food market demonstrated a slight decline, but Kormotech continued to grow, even in the face of a declining market. The company's turnover increased by 12%, from $110 million to $124 million yearly. Working in a long-term perspective is key for Kormotech, so the company reinvests its earnings to strengthen its production capacities in Ukraine and the EU.
Other news by Kormotech
THE GOAL OF KORMOTECH IS TO INCREASE THE RENEWABLE ENERGY RESOURCES IN THE FINAL ENERGY CONSUMPTION
In order to optimize production costs and increase investments in production volumes and reduce the negative impact of production processes on the environment and based on the conclusions of the energy consumption audit report, UAB "Kormotech" initiates a project during which it is planned to install energy production capacities using renewable energy resources.
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.
KORMOTECH SIGNS CONTRACT WITH LEADING EUROPEAN RETAILER KAUFLAND
The products of Kormotech will soon be available in Kaufland hypermarkets in Bulgaria and Romania and later in Poland and Croatia. The first orders include wet food products under the MyLove and CLUB 4 PAWS brands.
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.