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Nippon Shokubai invests EUR 74.37 million in a new manufacturing
Nippon Shokubai is investing EUR 74.37 million in a new manufacturing facility in Antwerp and will employ some 50 people. The plant, Nippon Shokubai's first in Europe, will make superabsorbent polymers (SAP) for use in sanitary and hygiene products such as disposable nappies. The company's decision to establish a plant in Antwerp follows the recent dissolution of its alliance with BASF in the SAP.
Flanders has a long and successful tradition in the chemical industry, although Kuraray and Nippon Shokubai are the first two Japanese companies to site plants at the Port of Antwerp. The port's major advantages in attracting investments are the existing industrial cluster, the range of logistics services and its central location.
Nippon Shokubai, with 2,217 employees and an annual turnover of around EUR 1 billion, regards SAP as its core business. Antwerp will be its third SAP production facility, following plants at Himeji, in Japan, and Chattanooga, Tennessee, in the US.