Vladimir Krupchak has joined the Board of Directors of Titan Group

Vladimir Krupchak, the Investment Advisor to Pulp Mill Holding, has become a member of the Board of Directors of “Titan” Group and CJSC «Sawmill 25». The respective decision was taken by the majority of two collegial bodies of the companies’ management at the meeting, which took place a week ago.

The field of Vladimir Krupchak’s activity will include the issues concerning the Holding’s development strategy, and its wood-processing division – CJSC «Sawmill 25», as well as common conceptual solutions on the companies’ investment policy, including JSC Arkhangelsk PPM, in order to achieve a multiplication effect within the framework of the existing VIS (vertically integrated structure).

 

 

Reference

The “Titan” Group of Companies is the largest logging and wood-processing operator in the North-West of Russia

Founded in 1990.

The “Titan” Group of Companies comprises 9 logging enterprises, LLC « Belomorskaya splavnaya kompaniya» (wood transportation), and the largest wood-processing enterprise in the European part of Russia -CJSC “Sawmill 25”.

The calculated felling ratе equals to 3,2 million cubic meters.

The “Titan” Group of Companies employs over 4 thousand people in the Arkhangelsk region.

Annually tax payments to budgets of all levels, fees to extra-budgetary funds exceed 1 billion rubles.

V. Krupchak: Arkhangelsk Pulp and Paper Mill continues realization of the II stage of the investment project “Reconstruction of cardboard production”

The key project of the Development Strategy of Arkhangelsk Pulp and Paper Mill is the priority investment project (PIP) in the area of forest development “Reconstruction of cardboard production”. As Vladimir Krupchak, Investment Advisor to Pulp Mill Holding, explained,  in 2018 the mill would continue the implementation of the 2nd stage of the PIP, where the key focus was the reconstruction of the second board machine (KDM-2), having invested 4,8 billion rubles this year.

Vladimir Krupchak recalled that the completely updated board machine No.2 at Arkhangelsk Pulp and Paper Mill would be the largest and the most modern cardboard machine in Russia. The cost of this project, taking into account construction and installation works, amounts to 7,5 billion rubles.

He also said that the equipment supplier – the Finnish company Valmet Technologies Inc – offered radically new technical solutions based on BAT. Thus, the new vacuum system will increase the productivity of the machine and reduce fresh water consumption; the new shoe press will improve the quality of kraftliner and fluting and increase energy efficiency in general; a new reel section and the parent reel transferring system will almost completely eliminate manual labor.

Vladimir Krupchak stressed that the reconstruction of BM No 2 and installation of the energy-efficient equipment would reduce the environmental load  such as water consumption, water disposal and energy consumption. Reduction of energy consumption will amount to 5%, decrease of process water consumption – 12.

The Adviser to the investment activities of Pulp Mill Holding: Signing of loan agreements with UniCredit Group is an important step in the modernization program of APPM

Signing of two loan agreements between Pulp Mill Holding (Austria) and UniCredit Bank Austria AG for a total amount of more than 80 million euros is an important step in the modernization program of Arkhangelsk Pulp and Paper Mill.  Vladimir Krupchak, the Adviser to the investment activities of Pulp Mill Holding made such a comment on the financial transaction.

The relevant financial documents were signed on 29 June 2017 in Vienna (Austria) at the Board of Directors of JSC “Arkhangelsk PPM”.

The loans raised will be spent on financing of the technical re-equipment program of Arkhangelsk Pulp and Paper Mill during 2017-2018 years, including construction of a new evaporator plant and reconstruction of the Board machine No. 2. Both projects are an important part of the priority investment project in forest development “Reconstruction of Board Production” registered in the Ministry of Industry and Trade of the Russian Federation.

It must be recalled that total investments of APPM up to 2020 will exceed 23,0 billion rubles. The mill is implementing the second stage of the priority investment project “Reconstruction of Board Production” included by the Ministry of Industry and Trade of the Russian Federation into  the list of the priority projects for the  Russian economy, the cost of which is 8.8 billion rubles.

Pulp Mill Holding’s key objective – occupational and health safety

Among the main priorities of corporate social responsibility (personnel, society, ecology, development of the territory of presence), the management and shareholder of Arkhangelsk Pulp and Paper Mill – Pulp Mill Holding (Austria) – consider the problems of labor protection and safety as a key objective. Vladimir Krupchak, investment adviser to Pulp Mill Holding, commented that in 2016 investments in improvement of working conditions and occupational safety increased by 48% if compared to the same period of the last year and amounted to 112.1 million rubles.

“Over 15 years Arkhangelsk Pulp and Paper Mill has been investing in training of managers, specialists and workers in labor protection and industrial safety, in repairing of sanitary facilities, special assessment of working conditions,”  – Vladimir Krupchak said.

According to Vladimir Krupchak, the results of the final conference of the employees of JSC Arkhangelsk Pulp and Paper Mill, its subsidiaries (Arkhbum JSC, Byt JSC) and the trade union organization of the enterprise as for implementation of the Collective Agreement for 2016 confirmed high standards of the company’s activity in social responsibility field in Russia.

In 2016 Arkhangelsk PPM spent 276.2 million rubles on social programs and benefits.