Oxygen producer JSC Uraltechgas of Ekaterinburg, Russia has released its results for 2006.

The company is one of the market leaders in the production of technical gases in Russia and boasts large production facilities. The company says its priorities for 2006 were finding investors to further development of their plant, modernising equipment and technological processes, increasing product quality and customer service.

The creation of a joint venture with a German company Linde AG to
supply liquid carbon dioxide to a mini power-station and station had an impact on business and as a result an air separation filling station was reconstructed.

The sales volume in 2006 made RUB 526m($20.3m), which is 8 percent higher than in 2005. Production inputs grew proportionally to the volume of sales and made RUB 342.6 million ($13.2) . Expenditure also grew due to increasing prices on raw material and materials (on average 14 percent), also the repair of production equipment and permanent repairs of buildings have cut profits.

The net undistributed income in 2006 grew 7 percent overall, reaching RUB 15.8m ($0.6m). Looking ahead, the company now plans to close its old air separation units and create a joint venture with associated companies for the implementation of projects works, development of logistics and expand the use of dry ice. They also hope to put into operation a station for liquid carbon dioxide running at 500 kg/hour.