Federal State Independent Establishment "Russian Technological Development Fund" (Industrial Development Fund) and Microcredit Company Omsk Regional Fund for Microfinancing of Small and Medium Enterprises lent the Titan’s project 100 million rubles. 

The AO Group of companies Titan plans to invest totally more than 370 million rubles in the establishment of a new production facility at the “Titan-SM”, LLC site. Mass production is planned to be started in 2022.

“Receiving the loan will make it possible to establish new production of automobile chemicals goods. It will be the first suchlike site in the region. Harmless auto chemicals of high-quality will appear on the Siberian and Far Eastern markets due to the site. The fact that Omsk region will get more than 120 new jobs is of particular importance,” Minister of Industry, Communications, Digital, Scientific and Technical Development of Omsk region Andrey Posazhennikov reported.

Programs of the Industrial Development Fund are an instrument of state support for projects aimed at manufacturing competitive products on the Russian and foreign markets.

“Supported by the Industrial Development Fund we will launch a modern process line for the production of auto chemistry and auto cosmetics goods, which will operate using domestic raw materials – high-quality isopropyl alcohol. The project has high environmental specifications,” Mikhail Sutyaginsky, Chairman of the Board of Directors of the AO GC Titan said.

Ecological auto chemicals based on isopropyl alcohol will be supplied to the Siberian and Far Eastern Federal Districts under own AUTOEXPRESS and QUALIA trademarks. The new production will be certified in accordance with the management quality system ISO 9001.

Information:

Isopropyl alcohol (isopropanol) is a more ecological replacement for the components used in production of auto chemicals, auto cosmetics and solvents. The AO “Omsky kauchuk” (a part of the AO GC Titan) is in charge of the high purity (99.9%) isopropyl alcohol production.  Ministry of Industry and Trade of the Russian Federation and Industrial Development Fund supported the production establishment.

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