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WhatWood Blog Forestry & Logging LPK Almas (Yakutia) received a loan of 200 million rubles

LPK Almas (Yakutia) received a loan of 200 million rubles

6 November 2020 ` 17:50  

The company received a loan of 200 million rubles from the regional Fund for Financial Position Stabilization and Enterprise Development. It is planned to spend these funds on technical upgrading, which will double harvesting and processing volumes – reaching 100,000 m³ of sawlogs per year.

The company noted that their machinery currently demonstrates a high degree of wear, which is why the company is unable to ensure the sufficient level of timber harvesting.

Besides purchasing new machinery, they are planning to install equipment to process waste into wood pellets.

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