The European Bank for reconstruction and development (EBRD) plans to provide a major Ukrainian producer of pet food LLC “Kormoteh” (Lviv region) a loan of EUR10 million
According to EBRD, the loan may be issued by the kormotech for the construction of a plant for the production of pet food in Lithuania and the expansion of capacity for feed production in Ukraine.
“The Bank will support the first cross-border investment Ukrainian companies, consisting in the construction of a new production facility in Lithuania”, – stated in the message Bank.
According to EBRD, the kormotech is one of the three largest producers of pet food in Ukraine.
The decision on granting a loan may be approved by the EBRD on 11 December 2019.
As reported, the kormotech in 2018 Nala construction of a plant for the production of fodder in Lithuania, plans to launch in 2019. Planned capacity – 5 thousand tons of wet forage per year.
Kormotech exports its products to more than 20 countries, including France, Estonia, Netherlands, Slovenia, Poland. The facility includes two plants for the production of dry and wet food in the Lviv region. The company manufactures products for cats and dogs under its own brands Optimeal, “Club 4 paws” (TM “meow!” and “woof!”) and in the direction of private label.
The ultimate beneficiaries of the kormotech are Elena and Rostislav Vovk.