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Area Development - Site Selection, Facility Planning and Workforce Development

NewCold Plans Coaldale, Alberta, Cold Storage Operations

05/06/2024
NewCold, a leader in advanced automated warehouse and cold chain logistics, plans to establish operations in Coaldale, Alberta, Canada. The $222 million project is expected to create 50 jobs.

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.

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