Greek retailer Metro plans to invest up to €12m (US$14m) in a distribution centre in the industrial area of Inofyta, near Athens.

The supermarket and cash & carry chain operator said the move was aimed at improving Metro's delivery and supply network.

Currently Metro's central distribution centre carries up to two deliveries a day to the retailer's operations in the Attica prefecture, including the capital. Metro's operations include 36 supermarkets in Attica and five cash & carry outlets in Athens.

The company has targeted sales of €420m for 2003, an increase of 15% year-on-year, reported the Greek News Digest.