Coaldale welcomes NewCold investment
The Town of Coaldale is heralding the planned construction of a state-of-theart food storage facility in town as an incredible opportunity for both it and the surrounding area.
“This investment represents an incredible opportunity for Coaldale and our region,” said Cameron Mills, Director of Growth and Investment for the Town of Coaldale, in a press release.
“NewCold’s project represents the single largest private investment in Coaldale’s history, and will anchor Coaldale’s rapidly expanding industrial presence. We’re thrilled to have the opportunity to work with NewCold and we’re honoured that they recognized Coaldale as the right fit for their business.”
NewCold, one of the world’s largest automated warehouse and cold chain logistics companies, announced this week it is building a $222 million facility in the newest phase of the Coaldale industrial park.
The company already has 18 cuttingedge automated warehouses on three continents with a combined capacity of more than 1.3 million pallet positions that use proprietary software and technology to ensure food safety and quality while being 50 per cent more energy efficient than traditional cold storage facilities, says the Town.
When it’s operational, the Coaldale facility will consist of a 45-metre high, 30,000 square metre operation that will support the expanding agri-food industry in the region by providing cold storage for agrifood products awaiting export to domestic and international locations.
The facility will create as many as 200 construction jobs and more than 50 permanent positions.
NewCold and the Town will be partnering, with the assistance of the province’s Innovation and Growth Fund - to invest in the extension of Canadian Pacific Kansas City rail connectivity to the site.
The Town says this investment will ensure that Coaldale has access to rail infrastructure which it deems to be critical as the region expands its agrifood processing industry.
The province has invested $2 million in the project.