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Katoen Natie Breaks Ground on Dallas Plastic Packaging Facility
Dallas, Texas, October 25, 2017
Katoen Natie and Union Pacific gathered with supporters today to formally break ground on a new state-of-the-art plastic packaging facility. Construction for the site is now underway at the Prime Pointe Industrial Park, which is a 3,000-acre industrial park located in South Dallas County and is adjacent to Union Pacific's Dallas Intermodal Terminal (DIT).
Representatives of the petrochemical industry, along with local and city officials, were on hand to hear details of the project. Upon start-up, the Katoen Natie facility will have at least 250,000 square feet of warehouse space that may expand to up to 2.5MM square feet of space as warranted by market conditions. The space will have direct railroad access, served by Union Pacific. Scheduled for completion in the third quarter 2018, this facility will become Katoen Natie's 20th NAFTA location. Producers will ship bulk railcars of plastic resin pellets to the warehouse where the pellets will be packaged and loaded into intermodal containers. After a short trip to the adjacent intermodal terminal, Union Pacific's Dallas to Dock service will transport the containers to ocean ports via premium intermodal service.
"We are committed to providing service solutions to the petrochemical industry," said Kenny Rocker, Union Pacific Vice President & General Manager - Industrial. "Katoen Natie‘s Dallas location aligns with container availability, a core need of our customer base. From Dallas, Union Pacific's premium intermodal services deliver to the West Coast where producers are able to export to global destinations".
"The Dallas facility will assist our customers in diversifying their export channels to global markets," said Frank Vingerhoets, President of Katoen Natie.
More information: http://www.up.com/customers/chemical/plastics_export/index.htm
About Katoen Natie
With facilities in Europe, the Far East, North/South America and Africa, Katoen Natie acts as a global supplier of logistics and distribution services. Katoen Natie combines engineering, technology and port operations to offer worldwide, tailor-made solutions to the chemical, automotive, consumer good, electronic and retail sectors.
About Union Pacific
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.
Media Contact
Katoen Natie: Brandon Huynh
281-941-1065
bhuynh@ktnusa.com
Media Contact
Union Pacific: Jeff DeGraff
281-350-7771
jdegraff@up.com
@degraff_UP