19m-euro business for Meteor Auto

Meteor Auto, a company specialising in import and sale of spare car parts on the Romanian market, posted a turnover worth 19.7 million euros (71.6 million RON) in 2005, an approximately 16% increase against the volume achieved in the previous year, according to the Official Gazette. In 2005, the company’s net profit stood at 134,000 euros (4.4 million RON), twice as much as in 2004. Meteor Auto owns 14 warehouses in Romania, five of which have been opened this year. Two of them are located in Bucharest, and the other 12 in Bacau, Baia Mare, Brasov, Cluj-Napoca, Constanta, Craiova, Galati, Hunedoara, Iasi, Sibiu, Targu Mures and Timisoara. Meteor Auto sells engine and bodywork-related car parts, suspension and steering elements, transmissions, brakes, electric parts, as well as car accessories such as lubricants and maintenance products. Company representatives did not comment on the information.