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Metallic mining was in its heyday from to , after which mining activity decreased until the last iron ore operations at Musson and Halanzy were closed in Belgium has no economically exploitable reserves of metal ores.
Belgian monks resurrect brewery after two century break
In there were about power stations operating in Belgium; capacity as of was Electricity generated in that year totaled Hydroelectric generation in totaled 0. Electricity consumption in the same year was The principal sources of primary energy for conventional power production are low-grade coal and byproducts of the oil industry.
Belgium is heavily dependent on imports of crude oil, but it exports refined oil products. Power rates in Belgium are regulated through a voluntary agreement between labor, industry, and private power interests.
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In , total energy consumption was 2. Industry, highly developed in Belgium, is devoted mainly to the processing of imported raw materials into semifinished and finished products, most of which are then exported. Steel production is the single most important sector of industry, with Belgium ranking high among world producers of iron and steel.
However, it must import all its iron ore, which comes principally from Brazil , West Africa, and Venezuela. About fourfifths of Belgium's steel products and more than three-quarters of its crude steel output are exported. In recent years, Belgian industry has been hampered by high labor costs, aging plant facilities, and a shrinking market for its products.
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The industrial growth rate in was 5. Production of crude steel declined from In , Belgium's total crude steel production was Belgium as a steel-producing country ranked 18th in the world in , and was the 5th largest steel exporting country in the world. The industry employs some 19, people.
Government subsidies for this firm ended in conformity with EC policy in In , French-owned Usinor agreed to take over Cockerill-Sambre, the last major steel making enterprise in Wallonia. As a result of this and other mergers, the Belgian steel industry is now dominated by one multinational company, Arcelor, based in Luxembourg. Arcelor, which was created in , is the largest steel company in the world and is a merger of Usinor, Arbed, and Arcelia. Belgium also produces significant amounts of crude copper, crude zinc, and crude lead. The bulk of metal manufactures consists of heavy machinery, structural steelwork, and industrial equipment.
The railroad equipment industry supplies one of the most extensive railroad systems in Europe.
Belgian monks resurrect brewery after two century break - Metro US
An important ship-building industry is centered in Temse, south of Antwerp. Belgian engineering and construction firms have built steel plants, chemical works, power stations, port facilities, and office buildings throughout the world. Belgium's automotive industry has always been one of the strongest components of its economy. The textile industry, dating from the Middle Ages , produces cottons, woolens, linens, and synthetic fibers. With the exception of flax, all raw materials are imported. Carpets are made in large quantities at Saint-Nicolas Sint-Niklaas.
Brussels and Bruges are noted for fine linen and lace. Foreign competition has cut into the Belgian textile industry, however. The agreement runs until , and was designed to give European textile manufacturers time to adjust to a world of unfettered competition. Nevertheless, barely a month after the EU-China agreement was signed, China reached its quotas for sweaters, followed soon after by blouses, bras, T-shirts, and flax yarn.
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Tens of millions of garments piled up in warehouses and customs check-points, which affected both retailers and consumers. The chemical industry manufactures a wide range of products, from heavy chemicals and explosives to pharmaceuticals and photographic supplies. The diamond-cutting industry in Antwerp supplies most of the United States 's industrial diamond requirements. The Antwerp World Diamond Center is concentrated in a two-square-mile area, comprising more than 1, diamond companies and four diamond bourses.
Those working in the Belgian diamond industry are increasingly being pressured to refrain from buying "conflict diamonds" from Africa, whose proceeds have fueled civil wars in a number of African countries, including Sierra Leone , the Democratic Republic of the Congo , and Angola. Belgium has one of the largest glass industries in the world. Val St. Lambert is especially known for its fine crystal glassware.
Belgian refineries chiefly in Antwerp turn out oil products.
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The Royal Academy of Sciences, Letters, and Fine Arts, founded in Brussels in , and since divided into French and Flemish counterparts, has sections for mathematics, physical sciences, and the natural sciences. There are, in addition, many specialized societies for the study of medicine, biology, zoology, anthropology, astronomy, chemistry, mathematics, geology, and engineering. The National Scientific Research Fund inaugurated in , in Brussels, promotes scientific research by providing subsidies and grants to scientists and students.
The Royal Institute of Natural Sciences founded in , also in Brussels, provides general scientific services in the areas of biology, mineralogy, paleontology, and zoology. In that same year, Belgium has 18 universities and colleges offering degrees in basic and applied sciences.
Brussels is the main center for commerce and for the distribution of manufactured goods. Most large wholesale firms engage in import and export. Customary terms of sale are payment within 30 — 90 days after delivery, depending upon the commodity and the credit rating of the purchaser. In , the government began privatization efforts of several public sector corporations, including banks and airlines. The domestic market is relatively small. Instead, the economy relies heavily on trade as various industries have capitalized on the country's prime central European location, which serves as a regional transit and distribution center.
The country also serves as a vital test market for many European goods and franchises.
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Business hours are mainly from 8 or 9 am to 5 or 6 pm, Monday through Friday, with an hour for lunch. Banks are open from 9 am to between and 5 pm, Monday — Friday. Retail stores are generally open from 9 am to 6 pm, Monday through Saturday; some may close for lunch.