Raal Bistrita, an equipment and cooling systems producer for the automotive industry, posted an approximately 18.5 million-euro turnover in the first half of this year, up 68% against the same period in 2006, while the company's net profit increased 6 times, to 1.12 million euros. "The rise in the number of vehicles using hybrid engines and the new regulations on environmental protection brought the company's business to around 18 million euros. Although the cooling systems market is seeing an unprecedented rise, the results would have been much better, especially in terms of profit, had the foreign exchange rate stayed at the value registered in January 2007," said Paul Ilies, the company's general manager. The company produces cooling systems and cooling system components, with the newest products launched on the market being cooling systems for hybrid engine cars. "The latest products manufactured by the company are radiators used by the buses with a hybrid engine, launched this summer by the Belgian group Van Hool, with the buses planned for passenger transportation in Washington, Hamburg, London, Amsterdam and California," added Paul Ilies.
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