Virginia Gov. Ralph Northam announced on Tuesday that Katoen Natie Norfolk Inc., a plastics and polymers warehousing and distribution company and subsidiary of Katoen Natie, will invest $61 million to expand its freight distribution center in Norfolk.
The company will add a 243,000-square-foot warehouse and rail facility to its operation at 2424 Springfield Avenue and create 35 new jobs.
"Katoen Natie Norfolk is a key contributor to Virginia’s position as a world-class transportation and logistics hub, and we are pleased to see the company increase its capabilities to meet increased demand in Hampton Roads,” said Governor Northam in a statement. “The supply chain industry in our Commonwealth continues to gain momentum, in large part due to The Port of Virginia’s unparalleled infrastructure. With a significant investment that spans multiple sectors of our economy, this expansion will help fuel our ongoing recovery efforts as well as the company’s continued growth."
Virginia successfully won the expansion project over Georgia, Maryland and South Carolina.