TITAN GROUP WILL INVEST ALMOST 5 BILLION RUBLES IN RE-EQUIPMENT OF ITS COMPANIES IN 2022

TITAN GROUP WILL INVEST ALMOST 5 BILLION RUBLES IN RE-EQUIPMENT OF ITS COMPANIES IN 2022

Titan Group has accepted its investment program for 2022. The cost of structural investments will make 4.9 billion rubles. According to the document Titan Holding will direct over 3.3 billion rubles for re-equipment of its logging subdivisions. It is planned to buy for this money 25 new logging complexes, 40 timber carriers and semitrailers thereto, 14 dump trucks, etc.; over 40 positions of new technical models altogether.

Holding will direct 1.2 billion rubles to development of its companies’ infrastructure; including 362 million rubles for construction of repair-mechanical workshops, technical centers and administrative-household buildings.

The work on modernization of the railroad infrastructure will continue: scale repairs of railroad ways will take place in Ust-Pokshenga, Svetlozersky, Karpogorsky, Dmitrievsky and Velsky subdivisions of the holding. The volume of investments into this direction will make 268 million rubles.

A logistic enterprise of Titan Holding LLC White Sea Floating Company will became an independent direction of investments. 353 million rubles will be invested in repairs of the office and production premises, works on the fleet re-equipment and construction of new small water displacement tugboats of the modern design “Yaroslav”.



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