Subsidiary of the SME Corporation Regional Leasing Company of the Republic of Sakha (Yakutia) has provided VTK Invest from the Jewish Autonomous Region with support for the leasing of a mechanized sawmill based on the Arktant B-652 canting machine. The amount of financing was 34.7 million rubles. Leasing support was provided within the framework of the Sustainable Development product, according to the message of the SME Corporation.
VTK Invest is part of the VTK group of companies. The VTK Group of Companies is a full-cycle timber industry that provides harvesting, transportation, deep processing of timber and the sale of products with high added value.
The purpose of the purchased equipment is the production of lumber. The capacity of the sawing line is 325 cubic meters per 8-hour shift, which will make it possible to produce about 80 thousand cubic meters of sawn timber per year.
“Thanks to the successful cooperation with the SME Corporation and the RLC of the Republic of Sakha (Yakutia) VTK INVEST, the financing of the sawmill line has been approved. The new equipment will allow the company to produce sawn timber that meets the high requirements of consumers both in the domestic and foreign markets. In addition, It is planned to purchase a log sorting line, which will significantly increase production efficiency. a new stage of business development “, – said Ivan Nenuzhenko, Deputy General Director of VTK Invest.
Leasing product “Sustainable Development” was launched by SME Corporation in April 2020 as part of support measures for small and medium-sized businesses to overcome the consequences of coronavirus infection. The product provides for more flexible conditions for SMEs, including individual entrepreneurs. The minimum financing amount has been reduced to 500 thousand rubles. The maximum lease term has been increased to 84 months. An individual frequency of payments has been established, including the possibility of deferral and periods of moratorium on payments. The advance payment has also been reduced to 10 percent of the total cost.