On 18 March, three foreign investors in Flanders received a Foreign Investment Trophy 2019. With these annual awards, Flanders Investment & Trade emphasizes the socio-economic importance of foreign investments for the Flemish economy.
The Austrian multinational Borealis came out as the winner and took home the Foreign Investment of the Year Trophy. Borealis is investing no less than 1 billion euros in the construction of a new propane dehydrogenation plant on its existing site in Kallo, at the Port of Antwerp.
AGP Group, the Peruvian manufacturer of high-tech automotive glass parts, received the trophy Newcomer of the Year 2019. AGP chose Ghent as their European headquarters and invested 90 million dollars in the acquisition of the production company Soliver.
Claire Tillekaerts, CEO of Flanders Investment & Trade: “This trophy is our way of showing our appreciation to a company that’s coming to Flanders for the first time. Attracting new investors is crucial to our economy. 2018 was a record years in that respect: foreign firms invested twice as much in Flanders as the year before. Traditionally, foreign investments mainly originate from the US and our neighboring countries. From Latin America, various production and R&D investments in the automotive sector are now also finding their way to Flanders, where companies seek to strengthen their presence in Europe.”
Japanese air conditioning specialist Daikin received the Lifetime Achievement Trophy 2019. Minister-president Bourgeois: “This award is a sign of appreciation for more than 45 years of continuous investment in Flanders - in particular in Ostend, where Daikins headquarters for Europe, the Middle East and Africa are located. "
Flanders investment & Trade
Foreign Investment Trophy 2019