Expanding Horizons: Kormotech Among Top Investors in Lithuania at the Foreign Investors Annual Summit 2024

"Our project in Lithuania is not just about expanding production. It’s about recognizing our company on the global stage as a powerful producer and investor, setting new industry standards!" said Rostyslav.

Kormotech was recognized as one of the leading investor companies thanks to the "A Green Light for Growth" initiative, which paves the way for businesses seeking to expand production and create new jobs. By building a new plant (our first plant was built during the COVID period), we are investing approximately €60 million into Lithuania's economy and creating 201 new jobs in the Kedainiai Free Economic Zone.

During his speech at the summit, Rostyslav shared five essential tips for successfully managing an investment project abroad:

1. Involve a local expert who understands the culture and mentality of the investor country.
2. Analyze local legal firms in advance to ensure they can operate at your pace.
3. Choose a country with strong government support that offers favorable conditions for investors.
4. Select a construction site with pre-installed infrastructure.

This expansion project in Lithuania is opening new horizons for us, offering more than just investment in growth. It demonstrates our ability to adapt to new markets and challenges. There's still much work ahead, and we are ready to achieve new milestones with our partners!

Thank you to the American Chamber of Commerce in Lithuania for the invitation!