Fast-growing NewCold officially opened one of the largest and most advanced cold store facilities in the world in Lebanon, IN, Monday underlining the importance of the state as a food logistics hub.
NewCold’s new state-of-the-art warehouse in Lebanon is highly automated. On-site proprietary technology includes four new patents. “We believe this facility sets a new benchmark for our industry,” said Bram Hage, NewCold Founder and CEO. “NewCold is at the forefront of innovation in the market. We are building a more resilient, reliable, and sustainable food supply chain to better serve our
customers. This allows us to support their growth and strategic objectives – to better serve their customers.”
Capable of running 24/7, NewCold aims to make its warehouses increasingly grid-independent, using their own power generated from a variety of sources, including renewables. NewCold’s warehouses are about 50% more energy efficient than traditional warehouses.
Phase one of Lebanon has been operational for almost a year with a capacity of 100,700 industrial pallet positions, construction of phase two at NewCold Lebanon is underway and will see its capacity double to over 200,000 industrial pallet positions. This represents a doubling of the initial investment, bringing the capital investment in the facility to over $300 million. The Lebanon facility serves some of the largest food producers in the world. The efficiency of the operation and strategic location means there’s potential for further expansion, bringing even more economic uplift to the area.
