Kormotech’s 2020 results
In 2020, the Ukrainian pet food producer increased its export sales and opened up a new production facility in Lithuania.
Export
By striking partnerships in 10 new countries, Ukrainian cat and dog food is now sold in a total of 37 countries. With the addition of the new countries, their export revenue increased to 15.4% of the company’s total sales – which is 2.9% higher than in 2019.
New Lithuanian production facility
To increase production capacity, Kormotech opened a new production line in Lithuania. This new facility will allow them produce an extra 20,000 tons of wet pet food each year.
“We want to break into the top 50 players of the global pet industry. That is why our own production facility in Lithuania is not the end. In 2020, we invested 6 million EUR in a new line for dry food production in Ukraine. After planned expansion in 2021 we’ll be able to offer our partners up to 44 thousand tons of ready-made meals for cats and dogs, which is an increase of 29,6 % compared to last year,” says Rostyslav Vovk, CEO at Kormotech.
The company created 160 new jobs in 2020 and is planning to hire another 103 employees in 2021.