Cobalt has helped Lithuania's UAB Kedainiai Free Economic Zone draft establishment and operation agreements for Kormotech.
UAB Kedainiai FEZ is a 130.55-hectare industrial development territory with the status of a free economic zone. The zone was established to develop and expand economic-commercial and financial activities.
According to Cobalt, “UAB Kormotech is a family-owned company and one of the leading Ukrainian producers of cat and dog food. The company has two wet and dry pet food plants in the Lviv (Ukraine) region and one plant in Kedainiai (Lithuania). Kormotech exports its products to 31 countries.”
“It has been decided to build a pet food plant in UAB Kedainiai FEZ in order to increase production capacity and provide logistical advantages to customers all over the world,” Cobalt reports. “The total amount of all investments is EUR 15 million, and the plant is going to create around 60 new jobs.”
Cobalt’s team was led by Managing Associate Ausrys Sliavas.