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
Kormotech increases focus on innovation by establishing venture arm in the UK
Kormotech increases focus on innovation by establishing a venture arm in the UK
Kormotech has established Kormotech Ventures, headquartered in London to combine investment and innovation strategies in international markets.
Kormotech has entered the TOP-50 best employers of Ukraine!
Kormotech has been ranked among the best employers in Ukraine according to Delo.ua!
The company holds the 14th position among 50 companies recognized as responsible employers that continue to invest in people despite the war.
With support from Kormotech and the NGO Internews-Ukraine, the Save Pets of Ukraine initiates the All-Ukrainian contest of journalistic materials, "A Pet-Friendly State"
We invite journalists from all-Ukrainian and regional media who cover environmental, social, and business-related topics, highlighting trends and activities of animal welfare organizations, shelters, and animal volunteers to participate!
The contest's goal is to remind everyone that the issue of humane treatment towards our four-pawed companions is always relevant and serves as a marker of society's maturity.
OPTIMEAL USA PARTNERS WITH GENERATION PET
Generation Pet will distribute Ukrainian-made, natural cat & dog food, Optimeal, a super-premium brand manufactured by Kormotech.
Optimeal, a super-premium brand of pet food manufactured by Kormotech, is pleased to announce its partnership with Generation Pet, the independently owned-pet food distributor. This collaboration will enable Generation Pet to distribute Optimeal's natural cat and dog food to pet stores throughout the North East and Mid-Atlantic area, including Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Delaware, West Virginia, Virginia, Maryland, Pennsylvania, Washington DC, Connecticut, New Jersey, and New York.
June 23rd - Bring Your Dog to Work Day: Ukraine draws attention to the culture of animal welfare even during times of war
Friday, June 23, is the World "Take Your Dog to Work" Day.
Ukrainians are traditionally encouraged to spend their workday with their beloved pets. It's also a way to show that even during the full-scale invasion by Russia, Ukrainians continue to support a culture of humane treatment towards their four-pawed companions.