Companies in the timber industry / Daily News / Forestry / Lumber / Sawmilling / Wood Products / Woodworking machinery / Global / Russia
November 22, 2017

Titan Group completes USD 3.5 million investment in Russia

Titan Group completes USD 3.5 million investment in Russia
Group of companies “Titan” informed that Dmitrievsky LPH, located in the Ustyansk area, Arkhangelsk region of Russia, had invested into modernization more than RUB 210 million in 2014-2017 (around USD 3.5 million at current rate).    According to the announcement, the subsidiary of “Titan” completely replaced logging, forwarding and road machinery and upgraded wood dispatch point.    Titan Group’s companies harvest over two and a half million cubic meters of round timber per year. Together with Dmitrievsky LPH, the Harvesting business includes eight logging companies of the Titan Group: Pinezhyeles, Ust ...

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