Belgium-headquartered Katoen Natie plans to spend $59.9 million to expand warehousing and rail facilities in Norfolk, Virginia, to support the growing export market for plastic resins.
Subsidiary Katoen Natie Norfolk will oversee the project, which includes the addition of a 450,000-square-foot warehouse and a rail yard, as well as an expansion of the existing rail spur.
The current facility, which is near the Port of Virginia and has access to both CSX (NASDAQ: CSX) and Norfolk Southern (NYSE:...