NewCold Plans Coaldale, Alberta, Cold Storage Operations
05/06/2024
The new warehouse and storage facility will use proprietary software and technology to ensure food safety and quality, while being 50% more energy efficient than traditional cold stores. The company will also invest in improving Canadian Pacific Kansas City rail connectivity to give businesses ready access to export their products.
“We recognize Alberta’s growing importance in North America’s food supply chain, so developing a facility in the province is a key part of our strategic global expansion. NewCold is committed to building a better food supply chain that is more resilient and efficient. Our new state-of-the-art facility will bring advanced food logistics to Alberta, ultimately helping our customers serve theirs and benefiting consumers,” Bram Hage, NewCold Founder and CEO said.
To support the project the Government of Alberta contributed $2.1 million through an Innovation and Growth Fund grant.
"Alberta’s government is attracting investment like NewCold to the province because of our business-friendly policies and programs. The Investment and Growth Fund compliments the province’s low corporate tax rate, highly skilled workforce and commitment to reduce administrative burden, which means businesses can invest with confidence,” Matt Jones, Minister of Jobs, Economy and Trade noted.
NewCold provides end-to-end supply chain solutions to leading food companies. The company currently operates 18 warehouses on three continents having a combined capacity of over 1.3 million pallet positions, alongside a growing transport fleet of over 200 trucks and 500 trailers.
“NewCold’s $222 million investment is a major win for southern Alberta, creating more than 50 permanent new jobs and positioning Coaldale as an export hub. Collaboration among Alberta’s business-friendly agencies was key to NewCold’s final decision, with Coaldale, Invest Alberta, and the Province pitching in to help the company bring their vision to life,” added Rick Christiaanse, Invest Alberta CEO.
Project Announcements
Herr Foods Establishes Jackson, Ohio, Operations
05/17/2024
SRC of Lexington Expands Fayette County, Kentucky, Operations
05/17/2024
John Deere Expands Kernersville, North Carolina, Production Operations
05/17/2024
Japan-Based Asahi Kasei Plans Port Colborne, Ontario, EV Battery Operations
05/17/2024
Microsoft Establishes Mount Pleasant, Wisconsin, Data Center Operations
05/16/2024
BlueHalo Establishes Germantown, Maryland, Production Operations
05/16/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024