For the fifth year in a row, Flanders Investment & Trade organised the prestigious Foreign Investment Trophy (FIT) awards again in 2017. This investment competition highlights the importance of foreign investment as an economic driver in Flanders and the world.
The chemicals, plastics and life sciences industry has a long and successful track record in attracting foreign investments. French biopharma firm Sanofi claimed the grand prize at the FIT awards ceremony for funneling €300 million into the expansion of its biotech factory in Geel, Flanders. Five decades after opening its first base at the port of Antwerp in Flanders, the German chemical giant BASF won the Lifetime Achievement Trophy after growing over the last 50 years to become the largest production centre in Belgium and the second largest in the BASF group worldwide.
In 2016, a company called Nippon Shokubai won the grand prize at the FIT Trophy Awards for a €350 million investment in its production site at Zwijndrecht for a new acrylic acid production unit and to expand its production capacity for the superabsorbent polymers. Datwyler Pharma Packaging won in the ‘Europe’ category for its investments in a production site at Alken, while pharma giant Pfizer won in the North- and South-America category for its investments in high-tech production units at its Puurs site.