Suziria Group will receive $2M from USAID to launch a new pet food production line.

Wednesday, July 31, 2024
Suziria Group will receive $2M from USAID to launch a new pet food production line.

The USAID project, Investments for Business Sustainability, concluded a $2M grant agreement with Suziria Group, one of the leaders in the Ukrainian pet product market, to increase its production capacity. The Kharkiv company will invest another $4.5M obtained through loans from Ukrainian banks and its own resources.

The funds will allow Suziria Group to launch its own production of wet pet food in Kalush, Ivano-Frankivsk region. After the rocket attacks on Kharkiv, Suziria Group moved its grain fodder production there, but some of its production facilities in Kharkiv continued to operate. The company will be able to increase production capacity, create 130 new jobs, and reduce its production costs.

Currently, Suziria Group manufactures wet pet food at partner facilities in EU countries.

 

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
The US will allocate a new $1.7B military aid package to Ukraine.

The US will allocate a new $1.7B military aid package to Ukraine.

Next post
The 2024 harvest is significantly faster than last year's pace; 75% of the early crops have already been harvested.

The 2024 harvest is significantly faster than last year's pace; 75% of the early crops have already been harvested.

Previous Main Topics