Business news from Ukraine

Business news from Ukraine

Kormotech plans to provide 15% of its own electricity generation by 2027

1 April , 2025  

The development strategy of Kormotech, a leading Ukrainian pet food manufacturer, includes the use of green energy, and the company aims to provide up to 15% of its own generation by 2027, Kormotech’s Chief Operating Officer Igor Paranyak said in an interview with Interfax-Ukraine.

“Our strategy includes steps towards the use of green energy. At the moment, we have already implemented a project to install a 630 kW solar station at the first factory in Lithuania. At the new factory (Kėdainiai, Lithuania), we also plan to install solar stations on the roof of the factory; given the rather large area, almost 17 thousand square meters, it will be a large SPP. It is not part of this (EBRD loan – IF-U) project, we will implement it separately, but we plan to have 15% of our own electricity generation by 2027,” Paraniak said.

As reported, Kormotech has started construction of a new wet animal feed plant in Lithuania, in which it is investing EUR 60 million, of which EUR 40 million was provided by the EBRD. The planned capacity of the new plant is 40 thousand tons, and 200 jobs will be created. The first phase of the plant is scheduled to be launched in the second quarter of 2026, and all four phases by the end of 2028.

Kormotech is a global family-owned company with Ukrainian roots that has been producing high-quality food for cats and dogs under the Optimeal, Delickcious, Club 4 Paws, Woof, Meow! My Love. The company has production facilities in Ukraine and the EU. The product range includes more than 650 items. Kormotech is a leader in Ukraine, one of the TOP-50 global pet food producers and TOP-20 most dynamic pet food brands. Kormotech sells products of its own brands and its partners’ own brands to 46 countries.

The Kormotech Group of companies ended 2024 with $162.7 million in turnover, which is 6.5% more than in 2023. In total, last year the group of companies sold 83 thousand tons of dry and wet diets for cats and dogs, which is almost 7.5% more than in 2023.

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