NewCold, the fast-growing leader in advanced automated warehouse and cold chain logistics, announced plans 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% 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.
