FOREIGN INVESTMENT TROPHY 2020

Heyaru Engineering puts the bling in Flanders with a lab-grown diamond factory and R&D center in Lommel.

Heyaru Engineering first set foot in Flanders in 2016 when it launched a local venture in Lommel. Extremely hard and advanced materials are produced there on a small scale for use in various industries. Two years later, the company announced a EUR 26 million investment in this site. In the aptly named ‘Kristalpark’, or ‘Crystal Park’, Heyaru Engineering will be building a diamond factory and R&D center over the next five to ten years.

 

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flanders investment and trade

Heyaru (India) diamonds in Flanders’ sky.

In 2016, Heyaru Engineering opened a local venture in Lommel, Flanders to produce extremely hard and advanced materials for various industries. Two years later, the Indian company is announcing a EUR 26 million investment in this city. In the Kristalpark, which literally translates as ‘Crystal Park’, Heyaru will build a diamond factory and R&D center.

 

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focus on belgium

Focus on Belgium

In the Flemish town of Lommel, Heyaru Engineering has started the production of authentic Belgian synthetic diamonds, also called laboratory diamonds.

Today, synthetic diamonds already represent 2% of the jewellery market and celebrities such as Lady Gaga have already been noticed with them. As it happens, because diamond conducts electricity well, the company is thinking of using it for other purposes as well, especially for energy applications or in super-powerful computers. Over the next ten years, Heyaru will invest more than 200 million euros in additional diamond furnaces in order to increase the production capacity to approximately 200,000 kilos per year.

 

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DE TIJD

The first diamonds made in Belgium, straight from the microwave.

De Tijd held the first 100 percent Belgian diamonds. They do not come from the ground, but from a kind of microwave oven. In time, Heyaru Engineering wants to make 200,000 kilos of lab diamond annually in Lommel. “This is exciting.”

 

 

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Flanders

Decisions of the Flemish Government

Council of Ministers of 21 December 2018

  • Strategic transformation support Heyaru Engineering nv in Houthalen-Helchteren, proposed by minister Philippe Muyters. The Flemish Government allocates 2 million euros in strategic transformation support to Heyaru Engineering nv in Houthalen-Helchteren. In order to meet the current and future demand for synthetic diamonds, Heyaru wants to open its first European branch in Lommel. This production facility will become the central hub for the group for both the production of synthetic diamonds and for research into new technologies and applications in Europe.

Flanders.be is the official website of the Flemish government.

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Gazet Van Antwerpen

A first for our country: Indians invest 26 million in a factory that will make synthetic diamonds

The Indian company Heyaru Engineering wants to expand its site in the Lommel Kristalpark in five to ten years into the largest diamond factory in Europe, with 120 to 150 employees.

The Indian company Heyaru Engineering is investing 26 million euros in a company that will make synthetic diamonds in Lommel. Flanders supports the investment with 2 million euros. This was announced by Flemish Minister of Economy Philippe Muyters (N-VA) this weekend. Heyaru has the ambition to expand its site in Lommel over the next five to ten years into the largest ‘diamond factory’ in Europe. An investment of 262 million euros, good for 120 to 150 employees in the long term. The proximity of Antwerp, where all the diamond expertise is, almost certainly played a part in the decision of the Indians.

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Flanders Today

€2 million support for synthetic diamond production

“Heyaru, which is now producing synthetic diamonds on a small scale in India, is aiming to open the first such plant in Europe in Lommel,” Muyters said in a press release. “The production facility will become the group’s central hub for production and for research into new techniques and applications. The company is investing more than €24 million. For such an important development, the Flemish government is contributing €2 million.”

The first phase will see approximately 15 jobs created. Heyaru aims to grow into a facility with hundreds of reactors and 120 to 150 employees within the next five to 10 years.

“The investment in Heyaru not only brings with it new jobs; the company also wants to contribute to the expansion of a Flemish knowledge cluster based on synthetic diamonds,” Muyters said. “An important part of the project is the establishment of its own research and development centre, working with Flemish knowledge institutions. Heyaru’s presence will provide important pulling power for other businesses – something that’s good for the future of the Flemish economy.”

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De Standaard

Indians want to become the biggest diamond maker in Europe in Lommel

The Indian company Heyaru Engineering wants to expand its site in the Lommel Kristalpark into the largest ‘diamond factory’ in Europe over the next five to ten years. An investment of 262 million euros, good for 120 to 150 employees in the long term.

 

 

 

 

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Het Belang van Limburg

The first diamond factory in Belgium comes in Lommel

The Indian company Heyaru Engineering is investing 26 million euros in a first phase in a company that will make synthetic diamonds in Lommel. Flanders supports the investment with 2 million euros. This was announced by Flemish Minister of Economy Philippe Muyters (N-VA) this weekend. Heyaru has the ambition to expand its site in the Lommel Kristalpark over the next five to ten years into the biggest diamond factory in Europe. An investment of 262 million euros, good for 120 to 150 employees in the long term.

 

 

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