Titan Group of Companies will invest 76 million rubles in the development of Arkhangelsk region

19 july 2021

The large social project will be implemented in Kargopolskiy, Konoshskiy, Pinezhskiy, Verkhnetoemskiy and Nyandomskiy districts as well as in Arkhangelsk with the support of the company. More than 20 million rubles will be spent for the upgrade, construction and repairs of educational and sport sites for kids and teens.

The government of Arkhangelsk region and Titan Group of Companies concluded an agreement on the social and economic cooperation. In 2021, the holding will invest 76 million rubles in the development of Arkhangelsk region. Vladimir Krupchak, the Chairman of Board of Directors of Titan Group of Companies, made such decision.

The large social project will be implemented in Kargopolskiy, Konoshskiy, Pinezhskiy, Verkhnetoemskiy and Nyandomskiy districts as well as in Arkhangelsk with the support of the company. More than 20 million rubles will be spent for the upgrade, construction and repairs of educational and sport sites for kids and teens.

One of the largest activity of the Agreement is the rebuild of Chumbarov-Luchinskiy Street in the capital of the region, which will be completed in September of this year. More than 50 million rubles will be spent for the renovation of “Arkhangelsk Arbat”. Thanks to Vladimir Krupchak, the avenue became the main pedestrian street of Arkhangelsk — Chumbarov-Luchinskiy Street was first renovated in 2005 with his direct participation. Moreover, Titan Group of Companies again supported financially this project.

“By signing this Agreement we get the guarantee that one of the largest enterprises will develop in the interests of the region and its inhabitants, — said Alexey Alsufiev, the Chairman of the Government of Arkhangelsk region. — Titan Group of Companies, in its turn, gets the serious support of the regional government in the production development and employees get the confidence in the future, and therefore in the future of their families”.

Info

Titan Group of Companies was founded in 1990.

Strategic direction of activity is logging and wood processing (Sawmill-25 CJSC is one of the largest sawmills in Russia).