Kormotech has received a €40 million funding package from the European Bank for Reconstruction and Development (EBRD) to build its second pet food plant in Lithuania, totaling €63 million in project costs. Half of this funding is co-financed by the ILX Fund, a Dutch asset manager focused on Sustainable Development Goals. The project builds on Kormotech’s previous EBRD-supported expansions, including a €15 million investment for its first Lithuanian facility in 2020. This new plant will enhance Kormotech’s export and diversification strategy while creating employment and training opportunities for women, veterans, and underserved communities, particularly in response to labor market challenges in Ukraine.
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