NewCold Invests in Leading-Edge Food Storage and Logistics in Southern Alberta
April 29 2024 - 12:20PM
NewCold, the fast-growing leader in advanced automated warehouse
and cold chain logistics, announced plans today to invest $222
million and create over 50 new jobs in Alberta’s agri-food sector.
With support from Invest Alberta and a grant from the Government of
Alberta, NewCold will expand into the southern Alberta community of
Coaldale, creating a cutting-edge food storage facility that will
build on the region’s strength as Canada’s premier food corridor
and contribute to long-term regional economic growth.
NewCold identified Southern Alberta as an ideal location to
support the growing food processing industry in the region with its
highly automated cold store. The facility will create critical
infrastructure to supply food across Canada, further enhancing the
region’s growth as an agri-food corridor. NewCold will also invest
in improving Canadian Pacific Kansas City (CPKC) rail connectivity
to give businesses ready access to export their products with ease
and security. The investment will go into municipal rail lines to
develop Coaldale into an export hub.
NewCold is creating over 50 permanent jobs in the area with an
eye on connecting with post-secondary institutions in the
future, to develop training programs aimed at diversifying
available talent. The construction of the facility will also
create up to 200 construction jobs.
Strong partnerships among Alberta agencies ensure that companies
looking at Alberta get the support they need. Invest Alberta
connected NewCold with available incentives and introductions to
the local business community. The Government of Alberta contributed
$2.1 million through an Innovation and Growth Fund grant for
NewCold’s expansion, while the Town of Coaldale helped expedite the
company’s operations and will continue to provide strategic
development support to ensure they have the competitive
environment, skilled workforce, and connectivity they require.
NewCold’s state-of-the-art warehouse will use proprietary
software and technology to ensure food safety and quality, while
being 50 per cent more energy efficient than traditional cold
stores. This technology supports their aim to create sustainable
value chains and exemplifies their mission of contributing to a
future in which no resources are wasted.
The Alberta-based facility marks an important step toward
addressing the growing need for cold storage and logistics to the
benefit of local producers, looking for solutions to broaden their
business while ensuring food safety.
NewCold is poised to initiate construction, acquire equipment,
and start hiring immediately, with the goal of having more than 50
employees onsite by the end of 2026.
QUOTES
“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
“Announcing our automated cold store in one of Canada’s largest
and fastest-growing food production areas marks an exciting
milestone of NewCold’s expansion in the North American market. We
are grateful for the excellent collaboration from our Alberta and
Coaldale partners in making this new advanced storage facility a
reality. We are proud to offer the latest automated cold storage
innovations and technology to support food shippers in the region
with operations beginning in 2025.” - Jonas Swarttouw, NewCold
Executive Vice President Commercial and Chairman in North
America
“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
“Agriculture is a key industry for Alberta, and NewCold’s
investment is a win for both processors and producers. This project
is a welcome boost to our economy and will help cement Alberta’s
position as a leader in agriculture and agri-food
investment.” - RJ Sigurdson, Minister of Agriculture and
Irrigation
"We’re thrilled to welcome NewCold to Coaldale and look forward
to celebrating the grand opening of its brand-new,
state-of-the-art, cold storage facility. With this historic
investment, Coaldale continues to establish itself as a major
logistics and investment hub within Canada's Premier Food
Corridor. We are excited to welcome NewCold into our growing
business community and would like to thank Invest Alberta, Minister
Matt Jones, and everyone at the ministry of Jobs, Economy, and
Trade for their support of this amazing project." - Jack Van Rijn,
Mayor, Town of Coaldale
“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.” - Rick Christiaanse,
Invest Alberta CEO
About NewCold
NewCold is a global leader in advanced food logistics, with 18
state-of-the-art automated and energy-efficient warehouses on three
continents with a combined capacity of over 1.3 million pallet
positions. Alongside a growing transport fleet of over 200
trucks and 500 trailers. NewCold provides end-to-end supply chain
solutions to leading food companies powered by innovative
technology and backed by a team of over 2,000 people.
www.newcold.com
About Invest Alberta
Invest Alberta engages the world and provides high-end tailored
support to companies, investors, and major new projects. With team
members strategically positioned in key markets around the world,
Invest Alberta works to break down barriers so businesses can start
up, scale up, and succeed without limits. Since being established
in 2020, Invest Alberta has supported investments totaling nearly
$20 billion and creating more than 23,000 jobs in sectors ranging
from energy and agriculture to tech, aviation, life sciences and
beyond. For more information, visit investalberta.ca.
Invest Alberta
403 861 9968
communications@investalberta.ca