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Economic importance of the Flemish maritime ports: Report 2002

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• The car manufacturing rose by 4.1 p.c. to reach 488 million euro. Opel Belgium, whose production grew in<strong>the</strong> same year by 9 p.c., expanded to include a spare parts unit;• The o<strong>the</strong>r services (including wholesale trade) increased by 18.2 p.c., to reach almost <strong>the</strong> 1.2 billion euromark;• Cargo handling recorded a rise <strong>of</strong> 4.1 p.c., producing a total <strong>of</strong> almost 904 million euro. At <strong>the</strong> end <strong>of</strong>February, Hessenatie, whose VA was estimated at 146 million euro, merged with Noordnatie Group to create<strong>the</strong> largest group in this sector; in addition, a new tank terminal for storage <strong>of</strong> hazardous chemicals was takenon by A4S, on <strong>the</strong> initiative <strong>of</strong> Noordnatie Terminals; Havenbedrijf Antwerpen ordered an automatic dredgingcrane; LBC, whose production grew by 1.6 p.c. in <strong>2002</strong>, decided on <strong>the</strong> construction <strong>of</strong> a new storageterminal;• The oil industry gained 6.8 p.c. to reach 929 million euro: production improved by 47.0 p.c. for Exxon MobilPetroleum & Chemical, whose VA reached 431 million euro following <strong>the</strong> takeover <strong>of</strong> <strong>the</strong> Diegem branch, andby 38.0 p.c. for Petroplus Refining Antwerp, whose VA amounted to some 17 million euro;• The shipping agents and forwarders showed a fall <strong>of</strong> 8.1 p.c., declining to 450 million euro. Large companiessuch as Transaf, whose VA was worth 2.5 million euro, were taken over; however, production at StoraEnsoTransport and Distribution increased by 19 p.c. (VA <strong>of</strong> 2.7 million euro in <strong>2002</strong>); production at Katoen Natieimproved by 20 p.c. in <strong>the</strong> course <strong>of</strong> <strong>the</strong> same year.VA Top 10 at <strong>the</strong> port <strong>of</strong> Antwerp in <strong>2002</strong>Kuwait Petroleum Belgium, a company established in more than one location and belonging to <strong>the</strong> oil sector, is insecond place in this list. In addition, starting with this issue, Havenbedrijf van Antwerpen has been included in<strong>the</strong> cargo handling sector because <strong>of</strong> its NACE classification (NACE-Bel code 63.220). It is <strong>the</strong>reforeincluded in this table.TABLE 8 VA TOP 10 AT THE PORT OF ANTWERP IN <strong>2002</strong>(millions <strong>of</strong> euros)Ranking Company name Sectors Value added1 B.A.S.F. ANTWERPEN Chemicals 851.12 KUWAIT PETROLEUM-BELGIUM O<strong>the</strong>r services 509.83 EXXONMOBIL CHEMICAL BELGIUM Chemicals 430.74 OPEL BELGIUM Car manufacturing 366.15 BAYER ANTWERPEN Chemicals 315.16 BELGIAN REFINING CORPORATION Oil industry 237.97 FINA RAFFINADERIJ ANTWERPEN Oil industry 236.28 HESSE NOORD NATIE Cargo handliers 196.29 ELECTRABEL Energy 183.910 HAVENBEDRIJF VAN ANTWERPEN Cargo handlers 182.5Total 3,509.3Source: NBB.24 NBB WORKING PAPER No.56 - JUNE 2004

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