PBS-Holding in $6M Hungary investment

Austrian wholesaler PBS-Holding is to invest 15 million ($6.2 million) in logistics facilities in Budapest, Hungary, said the company owner Anton Stahrlinger.

PBS-Holding already operates seven warehouses in Hungary. Overall, operations in the country provided the company with revenue of 5.2 billion Hungarian forints ($26.3 million) in 2003.

The company has further plans to expand into the Czech Republic, Slovakia, Slovenia, Bosnia, Croatia, Serbia and Montenegro.

Budapest (HUN)