Titan Group approved its investment program Russia

Logging in Arkhangelsk
Photo: Titan

Group of companies “Titan” approved more than RUB 850 million (around USD 15 million) investment into modernization of different types of the technological equipment at its forestry enterprises in Russia in 2017.

The first set of the equipment has already arrived to OOO “Pinezhyeles”: Volvo LogMax 6000harvester and Ponsse Buffalo forwarders. The remaining 38 mahines including harvesters, forwarders, front loaders, graders, bulldozers, timber transporters, timber trucks and sorting trucks, dump trucks, tank trucks will arrive in course of the year.

In the period of 2025-2017 the company’s investments are evaluated at RUB 3 billion level.

Earlier Titan Group installed a new bark and wood waste boiler at its “LDK-3”.

About Titan:

The company is a diversified holding, which unites around 20 companies, located in Arkhangelsk and other regions of Russia. It is mostly focused on wood production and processing. Titan is a general contractor for timber supplies to Arkhangelsk Pulp and Paper Mill.

Source: Woodbizforum