TG RE-EQUIPMENT EXPENSES HAVE AMOUNTED TO 1.4 BILLION RUB SINCE EARLY 2019
Titan Group has invested 1.4 billion rub in renewal of its fixed assets for eight months year-to-date.
134 units of the latest machinery have been bought including logging, self-propelled, auxiliary and motor vehicles - Caterpillar, Rottne, Komatsu, Volvo, John Deere, Logset, Ponsse, Mercedes, Valtra, etc.
As explained in Titan Holding, the volume of the investment program will have made about 2 billion rub before the end of the year. The company will approve a new financial plan for re-equipment in 2020; however, as usual, a considerable part of funds will be directed to the machinery fleet increase, road construction and improvement of living conditions for the holding employees in the areas of presence.