Governor Glenn Youngkin announced yesterday that Katoen Natie Norfolk Inc., a plastics and polymers warehousing and distribution company and subsidiary of Katoen Natie, will invest $59.9 million to expand in the City of Norfolk! The company will add a 450,000-square-foot warehouse, a rail yard, and expand its existing rail spur to meet increased demand. Virginia successfully competed with Georgia and South Carolina for the project, which will create 76 new jobs.

Parent company Katoen Natie is an international logistics service provider and port operator founded in 1854 and headquartered in Belgium. Katoen Natie is present in 35 countries on five continents, employing 15,000 worldwide. The Alliance worked with the City of Norfolk, the Virginia Economic Development Partnership, the Virginia Department of Rail and Public Transportation, and The Port of Virginia to secure the project for Virginia.

Read more: https://ow.ly/6mto50Q9TOL