The building of a new cold food storage facility in Coaldale is expected to create 50 permanent jobs and 200 temporary jobs in the region.
On Monday, April 29th the provincial government announced the $222-million project. Through the Investment and Growth Fund, the province is said to have invested $2 million in NewCold’s investment into the new facility, which will be the first in the Canadian market. Minister of Agriculture and Irrigation RJ Sigurdson says the announcement is a win for both producers and processors.
“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,” Sigurdson says.
According to the Netherlands-based company’s Founder and CEO of the Company Bram Hage, they see the important part Alberta plays in the continent’s food supply chain, making it a key part of the company’s 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,” Hage says.
According to the province, the facility will help food processors increase production, while also leveraging several different economic corridors to get the product to market. The province’s “abundance of natural resources makes it an ideal location to invest in the agriculture sector.” Hage says the facility is expected to be operational later in 2025.