OREANDA-NEWS. The Supervisory Board of “MSA a.s. (Czech Republic), one of the largest manufacturers of pipeline armature in the Europe (a part of the service battalion of CHTPZ Group), has summed up preliminary results of 2006 and approved plans for 2007.

According to the press-service of CHTPZ Group, according to the preliminary results summed up according to the international standards of financial reporting (GAAP) in 2006 the enterprise has increased proceeds by 49 % - up to $78,4 million in comparison with $52,6 million in 2005.

Shipments of production on the Russian market have made 7 % in the general sales volume. Growth of proceeds is connected first of all with the increase in volumes of production and expansion of presence of MSA in the markets of the US countries, the East Europe, South and Southeast Asia.

Commenting on the plans for development of the company, chairman of the Supervisory Board of MSA a.s. Vladimir Khristenko noted: “In 2007 we plan to increase proceeds due to further escalating sales, including in Russia. Expansions of presence of the company in the international markets is planned to be achieved on the account of the countries of South America, Japan, the USA, South Korea, China and India”.