Kormotech Group of Companies reported a 6.5% year-over-year sales increase in 2024, reaching $162.7 million, with total pet food sales rising by 10,000 tons to 83,000 tons. The premium segment accounted for 44% of production, and the company’s top markets included Romania, Bulgaria, Lithuania, Latvia, and Moldova. Lithuania exceeded its sales target by 14%, contributing to Kormotech surpassing its Baltic market plan by 102%. Managing Director Yuriy Bykoriz emphasized the importance of strong distributor partnerships as the company expands its presence in Central and Eastern Europe. With ambitions to rank among the top 30 global pet food producers, Kormotech aims to hit €500 million ($523 million USD) in revenue by 2029.
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