Katoen Natie Norfolk to Invest $59.9 Million to Expand in the City of Norfolk, Virginia

Specifications:

Name:

Katoen Natie Norfolk to Invest $59.9 Million to Expand in the City of Norfolk, Virginia

Location:

Norfolk, Virginia

Company:

Katoen Natie Norfolk

Estimated Cost:

$59.9 Million

Source:

https://www.vedp.org/

Introduction:

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.

Features:

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.

The expanded warehouse and rail yard will enable the company to address current and future demand while boosting Virginia’s supply chain industry.

Katoen Natie Norfolk’s increased demand matches the surge Virginia is experiencing as a premier supply chain destination, and this expansion will foster the synergy of the industry ecosystem, said Governor Glenn Youngkin. Katoen Natie Norfolk has thrived in Hampton Roads for more than a decade thanks to the region’s outstanding logistics advantages, access to The Port of Virginia, and robust workforce, and I look forward to its continued growth.