“Kommersant”: the AO GC Titan will invest 370 million rubles in the production of auto chemicals in Omsk

The AO GC Titan will invest 370 million rubles to establish production of automotive chemicals in Omsk, as the press-service of the company reports.  The full-scale production of isopropyl-based goods is scheduled to be launched in 2022. The products will be supplied in the Siberian and Far Eastern Federal Districts. According to Andrey Posazhennikov, Minister of Industry, Communications, Digital and Scientific-Technical Development of the Omsk region, this will be the first such production facility in the region.

 The AO GC Titan was founded in 1989 and is one of the largest petrochemical companies in Russia. The company includes such enterprises as:  AO “Omsky kauchuk”, “Titan-SM”, LLC,  “Pskovsky Zavod “Titan-Polymer” Ltd., “Titan-Agro” Ltd. The Titan’s revenue amounted to 20.6 billion rubles; losses - 125.6 million rubles.

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