Foreign Investment Trophy 2016: celebrating the most outstanding foreign investment projects in Flanders

Nippon Shokubai - Winner 2016

Foreign Investment Trophy 2016

Wednesday, 24 February 2016 — Chosen from nine nominees, Nippon Shokubai has won the much-coveted ‘Investment of the Year Trophy 2016’ at the 4th edition of the Foreign Investment Trophy. An initiative of Flanders Investment & Trade (FIT), this award honors the stand-out foreign investment in Flanders of the past year.

In addition, Swedish carmaker Volvo Cars received the Lifetime Achievement Trophy, paying tribute to a lifelong investment policy in Flanders.

Winners

Nippon Shokubai - ‘Investment of The Year Trophy’

In May 2015, Japanese chemical company Nippon Shokubai announced its plans to build a brand-new factory in Zwijndrecht, near Antwerp — for a total investment of EUR 350 million.

As such, the chemical giant acknowledges the business advantages of Flanders, particularly of Antwerp as a major chemical cluster. With an annual capacity of 100,000 tonnes of SAPs and 100,000 tonnes of acrylic acid (AA), the new plant will be Nippon Shokubai’s largest production facility outside Japan. Construction started in November 2015; commissioning is scheduled for May 2018.

Learn more about Nippon Shokubai’s ‘Investment of the Year’
Meet the other nominees

 

Volvo Cars - ‘Lifetime Achievement Trophy’

Swedish carmaker Volvo Cars — which has been operating under the wings of the Chinese Zhejiang Gely Holding since 2010 — has received the third-ever Lifetime Achievement Trophy. On behalf of Minister-President of Flanders Geert Bourgeois, his Private Secretary Marc Andries presented the prestigious prize to Eric Van Landeghem, managing director of Volvo Car Gent. 

On 28 June 1965, the first car rolled off the production line at Volvo Car Gent in Flanders. Fifty years later, in February 2015, it was time for the 5,555,555th car to leave the production facility, which employs more than 5,000 people for the assembly of three car models. 

The future is looking bright as well: a staggering EUR 200 million will be invested in the next three years to build a new modular platform for the assembly of smaller car models.

Flanders Investment & Trade

The Foreign Investment Trophy is organized by Flanders Investment & Trade, the government agency of Flanders supporting Flanders-based companies doing business internationally and foreign companies looking to invest in Flanders.