Russian Aluminium's Sayanal, the country's biggest producer of aluminium foil and foil packaging materials, plans to increase production by 6.5% this year, to 40,800 tonnes from 38,300 tonnes in 2006, managing director Gennady Gamanovich told reporters.
Foil exports will remain at about 59% of output, he said.
The company reported that it aims to invest $6.3 million in its development this year, of which $2.7 million have already been disbursed.
"More than 93% of the allocated money will be spent on equipment updates, and 4.8% on environmental safety issues. We plan to spend no more than 0.2% of the amount on administrative-management expenses," the company said.
Investment in the plant's development totaled $4.9 million last year and $4.7 million in 2005.
Sayanal, which produces about 70% of Russia's aluminium foil, ships its products to over 30 countries and works with about 350 Russian companies.
The plant, which opened in 1995, was built under an agreement between the Sayan Aluminium Smelter, Italian engineering company FATA and the Reynolds Metals Company of the United States. Rusal owns 99.2% of Sayanal.
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