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$5m Laos forestry investment offered by Dutch bank FMO

Mekong Timber to build integrated saw log, veneer and chipping mill

Mekong Timber is backed by the New Forests Tropical Asia Forest Fund, a sustainable forestry investment fund managed by Australian asset manager New Forests.   © Reuters

CEBU, Philippines -- Dutch development bank FMO has offered $5 million in funding for Mekong Timber Plantations (MTP), one of Laos' largest forestry plantation companies, according to a disclosure by FMO dated Sept. 30.

FMO said MTP will use the financing to expand its plantation area and to establish an integrated saw log, veneer and chipping mill. The plantation company has a total of 24,099 hectares of land under a 50-year concession until 2049.

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