OREANDA-NEWS. August 15, 2013. Mitsui & Co., Ltd. agreed with JSC Baikalskaya Lesnaya Kompaniya (BLK) to participate in running BLK, a company engaged in timber felling and processing wooden products in Republic of Buryatia (Russia).

Mitsui will acquire a part of BLK's stock held by Bail LLC (Bail), which is the parent company of BLK, and take a third-party allocation of new shares by BLK, finally acquiring a 40% ownership stake in BLK, as the Buryatia government said in the press release received by Lesprom Network.

BLK has forest concessions in 5 forest areas in the Republic of Buryatia (1 million ha in total) until 2059 maximum. BLK began to operate a factory with the latest wood products processing machine in 2012 and has a value chain from forest concessions to processing to sales of wooden products.

In addition, BLK engages in sustainable forest management, has a license from FSC, which is an international forest certification system covering