Over the past 15 years, Titan Group has invested more than RUB 55 billion in modernization of its production facilities. Annual investment in infrastructure (roads, river crossings and bridges) in the areas of operation exceeds RUB 300 million. In the next five years, Titan will invest an additional RUB 500 million in this segment, the company informed.
According to Alexey Kudryavtsev, CEO of Titan Group, the holding intends to increase felling to 5.5 million m³ by 2022.
Titan Group founded in 1990 focuses on forest harvesting (with a rated felling volume of 5.5 million m³) and timber processing (CJSC Lesozavod 25 being the biggest saw mill in the European of Russia) as strategic businesses.
Titan Group comprises 10 standalone lumber divisions (Velskoye, Dmitrievskoye, Karlogorskoye, Lukovetskoye, Pinezhekoye, Konoshekoye, Syamzhenskoye, Ust-Pokshenskoye, Svetlozerskoye, Shalakushakoye), Verkhnetoyemsky logging company LLC, as well as its own logistics company LLC Belomorskaya Floating Company.
The capacity of three sites of Lesozavod 25 ensures annual processing of 2 million m³ of lumber, the output of 850 thousand m³ of sawn timber, 200,000 tonnes of pellets.
