NewCold makes $220 million expansion into southern Alberta

Automated warehouse and cold chain logistics company NewCold announced plans to invest $222 million and create more than 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.

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 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.

“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,” says Bram Hage, NewCold founder and CEO. “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.”

Invest Alberta connected NewCold with available incentives and introductions to the local business community, while the Government of Alberta contributed $2.1 million through an Innovation and Growth Fund grant for NewCold’s expansion, and 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 says its 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 its aim to create sustainable value chains and its mission of contributing to a future in which no resources are wasted.

The Alberta-based facility marks a 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 says it will initiate construction, acquire equipment, and start hiring immediately, with the goal of having more than 50 employees onsite by the end of 2026.