Appels d’offres & Opportunités d'affaires  •  Secteurs & marchés

France no1 country in Europe for FDI attractiveness announcing 4 Bn EUR investments

France no1 country in Europe for FDI attractiveness

Although the annual Choose France Summit 2022 could not take place due to COVID restrictions, France announced majored foreign investment projects.

In an official press release, the French government announced that during a visit to the Chalampé chemical platform in Haut-Rhin on 17 January 2022, French President Emmanuel Macron promoted a new investment by German company BASF, the world’s leading chemical company, to build a new plant to produce hexamethylenediamine (HMD), used in the manufacture of nylon. The plant, which will have a production capacity of 170 kt per year, will receive an investment of approximately €300 million, creating around fifty permanent jobs and almost 500 jobs for its construction. This new plant should allow France to achieve a production capacity of HMD of 350 kt/year, representing 65% of European production and 17% of world production. It will position Chalampé as the main European platform for polyamide 6.6 (nylon) production.

The CEO of US company Eastman made also a trip to France to announce a significant investment to open a PET plastic chemical recycling plant in France by 2025, representing a total of €850 million and creating nearly 350 jobs. This investment is in line with the waste management strategy of the France 2030 plan, enabling France to meet its plastic recycling targets.

As of January 2022, 21 foreign firms announced more than €4 billion in investment resulting in the creation of more than 10,000 jobs and over 16,000 temporary jobs. These investment include one investment if 20 million euros by the Korean agribusiness company SPC with 40 job creation in Normandy region.

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