21/05/2018

Press release: Supervisory Board of special economic zone (SEZ) "Moglino" supported the project of GC "Titan"

On May 21, the meeting of the Supervisory Board of the special economic zone "Moglino" (Pskov region) took place. Mikhail Sutyaginskiy, Chairman of the Board of Directors of GC "Titan" JSC, presented the investment project of polymer production.

The Supervisory Board of SEZ "Moglino", headed by Mikhail Vedernikov, interim Governor of the Pskov region, includes representatives of federal and regional executive authorities, local self-governing authorities and scientific community.

The investment project of GC "Titan" assumes the creation of an industrial complex that allows producing PETP pellets and BOPET films. The most advanced equipment will be used atthe new production that will allow producing high-quality competitive products in conditions of lower operating costs and minimal environmental impact.

As a result of the meeting, an agreement was signed between "Pskov "Titan-Polymer" Plant"Ltd. and SEZ"Moglino" on intentions to carry out the industrial and production activities in the special economic zone.

"The project will be the driver of the growth of the Pskov region due to both the creation of the production complex and the development of enterprises that carry out further processing of the product, " – said Mikhail Sutyaginskiy, Chairman of the Board of Directors of GC "Titan" JSC. – The implementation of this project will ensure high economic and budget effectiveness and will create up to 500 new work places directly at the production complex. "

Let us recall that in March, the investment project of "Pskov "Titan-Polymer" Plant" Ltd. entered the short list of the projects of the industrial forum of the North-West Federal District "Locomotives of growth: digital economy and new production" initiated by theall-Russian political party"United Russia".

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