Source: DG Statistics (based on data from the VAT-administration
Continuing to invest in existing facilities and attract new investments is crucial to ensure a sustainable future for the chemicals, plastics and life sciences industry in Belgium.
The sector invested an average of €1.9 billion a year from 2008 to 2018, both in green field projects and in the expansion and modernisation of existing production capacities to improve industrial efficiency and environmental performance.
The chemicals and life sciences industry is a very capital-intensive sector and a key investor within the manufacturing sector, accounting for nearly 30% of total manufacturing industry investment in 2018. Belgium accounted for 7% of the sector’s total investments in the EU in 2017.
Eight of the world’s top 10 multinational chemical companies have invested in major production facilities in Belgium and continue to invest.