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Kormotech Triumph: Family Business of the Year According to Forbes Ukraine
On December 8th in Kyiv, a ceremony identified the best in the business sector – 'Entrepreneur of the Year 2023' by Forbes Ukraine.
Rostyslav and Olena Vovk, co-owners of the Kormotech company, won in the 'Family Business' category.
The Forbes expert jury evaluated company leaders with an annual turnover or valuation of $25 million, who own a significant share of the company and are actively involved in its management.
During a challenging year, Kormotech increased its revenue from $110 million to $124 million by scaling up its exports. Currently, the company has distribution centers in Europe, three factories in Ukraine and Lithuania, and exports products to 40 countries worldwide.
'Entrepreneur of the Year 2023' by Forbes is not just an award; it's a recognition of achievements, innovation, and impact on the country's economy.
The Vovk family demonstrates that true leaders create a profitable business, positively impact society, and set new standards in their industry.
Other news by Kormotech
Organizational Structure Update: Meet new Country Manager Romania
Dear colleagues, Mr. Hery Ciurariu, from his role as Country Manager within the Kormotech Romania team will change his position to Business Consultant for Central and Eastern Europe. We sincerely appreciate his long-standing dedication and value his expertise. For all operational and strategic inquiries moving forward, we encourage you to connect with our new Country Manager, Mrs. Nadejda Cerevatenco.
Mrs. Cherevatenko is fully empowered to represent the company and/or make any commercial negotiations on behalf of Kormotech in Romania. We look forward to further grateful cooperation with you.
Navigating Wartime Challenges: Insights from Business Wisdom Summit 2024
The Business Wisdom Summit took place on April 10, 2024. Owners and top managers of leading companies shared insights on how businesses can become more effective in defending the country, accessing new markets, attracting financing, and overcoming the challenges of war, including logistical ones.
Ulyana Fitsa, Chief Supply Chain Officer at Kormotech, outlined the company's solution for alternative export routes.
Kormotech concluded the year 2023 with a turnover of $152 million and increased its share of sales abroad to 31%
In 2023, Kormotech finished with a turnover of $152 million, surpassing the company's plans by $2 million.
Sales volume reached 77.4 thousand tons, 10.5 thousand tons, and 15.7% more than the previous year.
Kormotech has signed a contract with the online platform Cityvet Pet&Farm in Romania!
The contract was signed in early 2024.
Cityvet Pet & Farm is a well-known online platform in Romania. It has an extensive distribution network operating in the veterinary field and offers a diverse range of animal products: veterinary drugs, dietary supplements, feed, and accessories.
Kormotech becomes a partner of the major online supermarket Sezamo in Romania
Kormotech, a Ukrainian pet food manufacturer, has expanded its distribution channels in Romania.
In February 2024, the company signed an agreement with the Sezamo, which became the first online supermarket in Romania where Kormotech represents its products.
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