KORMOTECH SIGNS CONTRACT WITH LEADING EUROPEAN RETAILER KAUFLAND

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.

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.

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.

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.

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.