“It’s challenging to keep up with your own success, if you grow at 50% a year,” laughs Marc Lebel, CEO of FRX Polymers. “We are about to reach the tipping point for our company and really need to build up production in Flanders and elsewhere.”
To meet booming customer demand, US-based chemical company FRX Polymers is planning an investment of EUR 10 million in Flanders. The aim? To double its production near the Port of Antwerp.
The manufacturer of flame-retardant polymers therefore plans on investing EUR 10 million in its plant in Antwerp to double its production capacity. With Nofia (pronounce “no fire”), the company’s well-known brand name, their material is useful in diverse markets, such as consumer electronics, hotels, automotive and transportation.
The company’s aim is to slow down the spread of flames. With Nofia, FRX maintains control over fires, though they have a harder time managing their racing sales numbers. “Worldwide, the market for flame-retardant products is estimated at USD 8 billion in value,” says Marc. “FRX is a small but fast-growing player. We have some enormous projects coming up, such as the delivery of material for printed circuit boards in computer servers.”
FRX Polymers has been active in Antwerp since 2013. The American enterprise is a well-known acquaintance of Flanders Investment & Trade. In its opening year, the company made an impression by winning the first Investment of the Year Trophy.