Skip to main content

You are here

Port of Antwerp to host new unit of Covestro (Germany)

Expanding its site in Antwerp, Flanders with an aniline production unit is the next milestone in Covestro’s global MDI investment program. The German polymer firm expects the new unit to go live in 2022 and to create plenty of job opportunities in the harbor region.

Researchers at work

Covestro’s core business activity is the manufacture of high-tech polymer materials. To maintain its established international reputation in this field, the German corporation employs a workforce of approximately 16,200 people at 30 production sites worldwide.

Antwerp’s chemical cluster

The Covestro site at the Port of Antwerp in Flanders will be expanded with a new unit for the production of aniline: an important raw material required to make MDI, a precursor for rigid foam used to insulate buildings and refrigerators.

For the Antwerp chemical industry, this is the third announcement of an investment in only a few weeks. Earlier this month, Borealis (Austria) revealed its allocation of 1 billion euros to the construction of a propylene plant. Around the same time, Nippon Shokubai (Japan) funneled EUR 350 million into its chemical production site in Zwijndrecht.

Harbor assets

Covestro’s choice to settle its new production unit in Flanders is no coincidence. Its site in Antwerp benefits from the advantageous infrastructure and logistics expertise the harbor is known for, and has easy access to all raw materials needed to produce aniline.

Learn more about Flanders' infrastructure.

More info

Covestro
Reported by
De Tijd newspaper
7 November 2018

More news about Flanders?

  • Regular updates
  • No spam

Interested in doing business in Flanders?

Let us help you!

  • We can introduce you to other companies, banks and regulators
  • We organize site visits to real estate locations
  • We assist with all legal aspects of setting up a business
  • We're an official government agency
  • Our services are completely free
  • We are a team of international experts

Receive our handbook to growing your business in Flanders

  • It's completely free.
  • Get an overview of all incentives relevant to your company.
  • Tax system explained in-depth.
  • Learn how to set up your business quickly.
  • Discover the benefits of Flanders (in addition to the chocolate).

In addition to the ebook, I agree to receive one or two follow-up emails

Port of Antwerp to host new Covestro unit| Invest in Flanders

Error

Error message

  • Migration FitInvestCountries could not be constructed.
  • sFTP login failed
The website encountered an unexpected error. Please try again later.