8 Nov 2023 14:28

Ukraine's Kormotech to invest 60 mln euros to expand pet food production plant in Lithuania

VILNIUS. Nov 8 (Interfax) - Kormotech, Ukraine's largest producer of pet food, will expand its plant in the Kedainiai Free Economic Zone (FEZ) in Lithuania, investing around 60 million euros, the Lithuanian foreign investment promotion agency, Investuok Lietuvoje, reported.

Kormotech plans to install four more production lines at the plant, with the first expected to be launched in 2025. The entire project should be completed by 2028 and create 200 new jobs.

"We consider Lithuania to be our second home market. Although we plan to build new production facilities in Ukraine, Lithuania currently serves as our gateway to the world. The plant has proven to be a reliable support system, consistently operating at full capacity and bridging gaps when downtime occurs at our Ukrainian plants. We intend to expand our capacity further in Lithuania through the construction of four additional production lines by 2028," Rostislav Vovk, co-owner and CEO of Kormotech, said in a statement.

The 4,500-sqm plant opened in the Kedainiai FEZ in 2020, it currently has 170 employees, and it specializes in producing moist pet food at annual capacity of 20,000 tonnes.

Founded in 2003 and headquartered in Lvov, Ukraine, Kormotech produces moist and dry food for cats and dogs. The group's two main production facilities are located in the Lvov Region, one being a dry feed plant operating since 2005 at capacity up to 45,000 tonnes per year, and the other being a moist feed plant operating since 2011 at capacity up to 16,000 tonnes per year. Kormotech's first in-house production facility in Europe was established in Lithuania. Investment totaled 15 million euros in the enterprise in Kedainiai.