A NEW LOGGING COMPANY IS ESTABLISHED AT TITAN HOLDING

A NEW LOGGING COMPANY IS ESTABLISHED AT TITAN HOLDING

Titan Group has established a new logging company in Velsk (Velsk district) of Arkhangelsk region namely LLC “Povazhjeles”.

The designed wood-cutting area of the new company makes 201.8 thousand m³ annually, and it is situated in Velsk, Nyandoma and Kargopol districts. 
70 new jobs have been created at the new logging company of the holding.

Presently a complete revamp of the company is in progress: it is planned to purchase 15 units of the most up-to-date machinery – timber harvesting complexes, equipment for road construction and maintenance, etc.

According to General Director for Titan Group Alexey Kudryavtsev, the establishment of the eleventh logging company is conditioned by new targets and objectives of the holding in the sphere of development of timber felling and processing for the medium term perspective.

The top manager also indicated an invariability to practice an active investment policy and social endowments at the newly established LLC “Povazhjeles” as well as at the other companies of Titan Group.

Reference

Titan Group is one of the largest operators of pulpwood at the North-West Federal Region.

Established in 1990.

Titan Group includes 11 logging companies, LLC “White Sea Timber Floating Company” (shipment of timber), as well as the largest saw-milling company in the European part of Russia – CJSC “Sawmill 25”.

The designed wood-cutting area makes 3.2 million m³.

Titan Group provides employment for five thousand inhabitants of Arkhangelsk region.

The tax revenues to the budgets of all levels and fees to the extra-budgetary funds exceed 1 billion rubles per annum.



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