JC Auto ponders how to finance growth strategy

Car spare parts trading company JC Auto from Warsaw is looking for money to develop and has boiled down its options. "We are considering either acquiring a financial investor or floating our stock on the bourse," said Piotr Kołodziejczyk from Central Europe Trust, a company which is advising JC Auto. Neither he nor JC Auto would mention any sums, which would be acquired by the company. "So far JC was known for selling parts of Japanese and Korean cars. Now it intends to enter more firmly the sector of West European producers, which would require offering a wider assortment," explained Kołodziejczyk. The second area that the Warsaw company plans to develop are auto garages, and in 2003 JC Auto began creating a franchise network under the name of Perfect Service. Currently it has eight service stations, but the number is planned to reach 200 by the end of 2004. JC Auto also intends to develop sales on foreign markets as, "The company sees a high potential in the markets of Central and Eastern Europe, but has decided to avoid intermediaries," announced Kołodziejczyk. (Puls Biznesu, p. 12) M.M.