Katoen Natie Norfolk Inc., a plastics and polymers warehousing and distribution company, plans to expand its operation in Norfolk, investing $61 million and creating 35 jobs, the governor’s office announced Tuesday.
A subsidiary of Belgian logistics service provider Katoen Natie, the Norfolk company was established in 2011 at the former Ford Motor Co. assembly plant on Springfield Avenue, where it will add a 243,000-square-foot warehouse and rail facility, Gov. Ralph Northam said in a statement. The state competed with Georgia, Maryland and South Carolina for the project.
“Katoen Natie Norfolk is a key contributor to Virginia’s position as a world-class transportation and logistics hub, and we are pleased to see the company increase its capabilities to meet increased demand in Hampton Roads,” Northam said in a statement. “The supply chain industry in our commonwealth continues to gain momentum, in large part due to the Port of Virginia’s unparalleled infrastructure. With a significant investment that spans multiple sectors of our economy, this expansion will help fuel our ongoing recovery efforts as well as the company’s continued growth.”
