Katoen Natie's new US$40 million terminal extension was celebrated by officials recently with a ribbon cutting at its Jurong Logistics Terminal in Singapore.
Katoen Natie increased its logistics capacity at the terminal by 45% in order to accommodate three major chemical companies.
According to the Journal of Commerce, the increase in logistics capacity is estimated to generate US$250 million in revenue over the next five years for Katoen Natie.
The extension to its original facility brings the Belgium-based company's investments in Singapore to a total of US$200 million.
The logistics terminal at Jurong Island at the Port of Singapore is more than 5ha and includes silos and packaging lines.
Katoen Natie specialises in port terminal operations, assisting organisations with logistics needs and operating on-site hubs, transporting containers, and arranging office space.
The company is also involved in semi-industrial services, providing services such as packaging, dusting and assembly.
Katoen Natie expects the expansion will result in 50 to 60 new jobs.