Flanders factory investment wins Kebony newcomer of the year award

17 March 2017

Kebony has won the Foreign Investment Trophy for newcomer of the year, awarded by Flanders Investment & Trade, for the positive impact its new factory is having on the Belgian economy.

The Government of Flanders nominated Kebony for the award, citing its positive effect on employment on the area, where the company has invested in its second European factory.

This announcement came just two weeks after the groundbreaking of the new factory, which will bring €20 million of investment for the Belgium economy and the creation of 25 local jobs.

Developed in Norway, where Kebony’s original factory is based, the patented Kebony technology, enhances the properties of sustainable softwood with a bio-based liquid. The process permanently modifies the wood cell walls giving Kebony premium, hardwood characteristics, resulting in significantly improved durability and structural stability.

John Verzeele, director of inward investment of Flanders Investment & Trade said: “Kebony’s new facility in Flanders will provide significant investment for our economy. We are delighted to welcome such a well-respected company to this region and wish Kebony all the very best success here for the future.”

Wim Dubois, senior investment manager at PMV: “We have been privileged to work with Kebony at establishing their first plant outside Norway here in Flanders. We strongly believe in the superior properties of Kebony wood and in its immense growth potential. We are also thrilled that PMV and the region of Flanders will play a significant role in this success, benefitting both our economy and the environment.”