Ukrainian pet products supplier Suziria Group has developed a three-year business development strategy, which envisages the construction of a wet pet food production facility in the city of Kalush (Ivano-Frankivsk region) and has attracted more than $6 million in external financing, co-owner and head of the supervisory board of Suziria Group, founder of a chain of pet stores Polina Kosharnaya said.
“We also have a 3-year business development strategy that runs until 2027. It presents business modeling. It (strategy – IF-U) describes both the existing business and the development of new production. (…) This is the first project that is being built with large external financing. The project itself, the construction, has already started,” she said at the ‘CEO Summit’ that Forbes Ukraina held in Kiev on Friday.
Kosharnaya added that the group has won a $2 million USAID grant, of which $1 million has already been spent for equipment fabrication. In addition, Suziria Group intends to raise about $4 million more in external loans in 2025, will receive another $1 million grant, and will also use its own funds.
As reported, the state-owned Oshchadbank (Kyiv) signed an investment loan agreement with Suziria Group for the amount of over $4.5 mln. The bank said that currently Suziria Group produces wet pet food at partner facilities in the EU countries. The development of its own production will help the company to gradually abandon imports of this category of products and expand the geography of sales. In three years Suziria plans to start its own export of Ukrainian-made wet pet food to the European market.
According to Oschadbank, Suziria Group plans to double its production volumes in the next five years.
Suziria Group is a Ukrainian family group of companies, which has been developing the market of pet products for more than 30 years. It includes Suziria Brands, Suziria Distribution, MasterZoo chain of pet stores, which has 190 stores, as well as a network of grooming salons. The company operates throughout Ukraine and abroad, exports its own goods under the brands Savory, Half&Half, Special One, Pet Fashion, Buddy Boo, Priroda, Puramur.
