Belgian global logistics provider, Katoen Natie (KTN) has selected Norfolk, Virginia, for a $10.5 million warehouse and distribution site. The company will invest another $1.5 million in equipment and create 225 jobs.
"KTN chose the location due to its excellent proximity to the port and its appeal in attracting new customers to KTN," said Frank Vingerhoets, president of KTN's North America subsidiary. "We see the Hampton Roads region and our Norfolk division as having a very bright future."
The company may receive Virginia Enterprise Zone Program benefits. And the Virginia Department of Business Assistance will provide funding and services to support the company's recruitment and training activities through the Virginia Jobs Investment Program.
KTN currently employs 9,300 people around the world.