Alcoa Russia closed 2006 with sales revenue of $800 million, the Russian division of the world's biggest aluminium producer said in materials.

Alcoa Russia consists of two fabrication plants – Samara Metals Plant and Belaya-Kalitva Metallurgical Production Association (BKMPO) (RTS: BMPO) – which the U.S. corporation bought from Russian Aluminium (RUSAL) for $257 million in 2005.

Andrei Bader, the general director of Alcoa Russia, told reporters that the plants were still making losses but planned to break even by the end of 2007.

"We're still a long way off making profits -first we want to break even," he said.

Bader said investment in the Russian units came to just over $100 million in 2006.

"Investments will be a little more than $100 million in 2007 also," Bader said.

Alcoa Russia plans to spend $40 million on a unit to make aluminium for ring pulls and can lids at the Samara plant, $38 million on an Ebner furnace to produce tiles for the aerospace industry at BKMPO and a total of $20 million on cast-house upgrades at both enterprises.