Ukrainian pet food producer Kormotech expands to Lithuania

Food

Photo by 279photo Studio/Shutterstock.com

The European Bank for Reconstruction and Development (EBRD) has said it will support Ukrainian pet food producer Kormotech Group to expand its domestic and international operations with a loan up to EUR 10 million.

Photo by 279photo Studio/Shutterstock.com

The funds are part of a wider investment program, which includes the construction of a new production facility in Lithuania and the expansion of the Kormotech’s activities in Ukraine, according to EBRD.

As part of the project, Kormotech will support the expansion of specialized veterinary education across Ukraine to improve the job prospects of young professionals from remote areas.

Kormotech Group 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. Today the company sells its products in 25 countries, the EBRD says.

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Hungary Labor Costs 3rd-lowest in EU HR

Hungary Labor Costs 3rd-lowest in EU

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.