Cryogenmash consistently realizes the strategy of enterprise development. One of the important tasks is increase of the services share from 5 percent up to 20 percent by 2010. The Purchase of 50 percent of ZAO MetallurgEnergoRemont (Magnitogorsk) is the next step to achievement of this goal.

MetallurgEnergoRemont is the specialized company, which carries out service and repair works for metallurgical enterprises of the Chelyabinsk region and has its own production facilities.

Dmitry Ermolov, general director of Cryogenmash said: $quot;Magnitogorsk Metallurgical Integrated Works (ММК), where 9 Air Separation Plants of Cryogenmash are operated, is for us the priority enterprise in the Southern Ural - the region where we continue to build and revamp the park of Air Separation Plant.$quot;

$quot;We discussed the problem of prolongation of working campaign regarding our Air Separation Plants with ММК, and Cryogenmash suggested to use its own scientific and technical potential in arranging maintenance, repairs, revamping and updating of ASPs, involving the MMK production facilities, and we achieved full mutual understanding with the Magnitka management.$quot;

The next stage of cooperation may be the after-sales service by Cryogenmash of all equipment of oxygen production at the Magnitogorsk Metallurgical Integrated Works.