LTN Group: New projects in pandemic

MENDOZA

The LTN Group is formed by Friolatina, Acerolatina, and Bervill. For over fifty years, they have manufactured cooling chambers and equipment for preserving food, medicines, and beverages. The have recently diversified their production by producing insulating panels for building industrial warehouses, houses, and stores.

During March, the restrictions imposed by the pandemic at a both domestic and international level, affected the output rate of its four plants in Mendoza and Buenos Aires. Today, they have already managed to reactivate their operations by 70% and to undertake new projects that came up during the sanitary emergency.

The Acerolatina plant, which is located in General Rodríguez city, in the province of Buenos Aires, has manufactured the panels that are now a part of the eleven mobile hospitals established in the provinces of Buenos Aires, San Juan, La Pampa, and Mendoza. To keep up its productive activity, the group has had to implement protocols and measures, including a sanitizing cabin for the staff, shift-based production, mandatory use of face masks, remote working of administrative staff, and customer servicing by ID-card last digits.

«For the rest of the year, we hope to uphold the present level of activity and eventually resume exports as well. Even though the demand for the cooling chambers will take longer because it is directly dependent on consumption, we believe that construction will continue to grow and we will be there to serve them,» said Gustavo Díaz, legal counsel and member of the group’s board of directors.

Since 2007, BICE has accompanied this group’s growth and investment projects by providing long-term financing for the construction of one of its industrial premises and for the acquisition of capital goods. Given the need for greater liquidity resulting from the current challenging context, the bank has granted a working capital loan to the group for its daily operations during this year.