NewCold announced the expansion of its Lebanon (IN) facility, doubling its capital investment in the community, with more than $300 million now earmarked for the project.
NewCold is a leader in advanced automated temperature-controlled warehouses and is one of the fastest-growing food logistics companies globally. The company announced initial plans to locate in Lebanon in 2020, with an initial $150 million investment, and became operational in the Fall of 2022.
“This additional investment of more than $150 million in Lebanon creates the largest automated cold storage facility in the United States. Aside from the positive economic impact, and high-quality employment opportunities, this strengthens resilience in the food supply chain,” said Jonas Swarttouw, NewCold’s Executive Vice President, and Chairman, of North America.
Based on the company’s plans to create up to 100 jobs by the end of 2028, the Indiana Economic Development Corporation (IEDC) committed an investment in NewCold of up to $1.65 million in the form of incentive-based tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
The expansion is under construction and is expected to be operational in Summer 2024.
NewCold Doubles Investment in Lebanon with $150 Million Expansion
Thu Jun 15 08:36:10 CST 2023
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Editor: Amanda
RACC Organizing Committee is o the site of of Refrigeration & HVAC Indonesia, which is grandly on today!
RACC Organizing Committee is o the site of of Refrigeration & HVAC Indonesia, which is grandly on today!
The 4th China Cold Chain and Cold Storage Development Summit Forum is about to make a powerful debut!
The 4th China Cold Chain and Cold Storage Development Summit Forum
China's cold chain and cold storage industries have demonstrated impressive growth in recent years, with significant potential for further expansion. However, as the central component of cold chain logistics, the cold storage industry still lags behind the air conditioning industry in terms of standardization and regulation.
- 3 The 23rd Stop of RACC2024 Global Promotion Tour- Bangkok RHVAC 2024
- 4 The 22nd Stop of RACC2024’s Global Promotion Tour-HVACR Vietnam 2024
- 5 The 14th Bangkok Refrigeration, Heating, Ventilation and Air Conditioning (Bangkok RHVAC 2024) is on on September 4th, and will last for 4 consecutive days, which is extremely popular on the site!
- 6 RACC organized nearly 100 Chinese companies attending HVACR Vietnam 2024, which is on September 4th!
- 7 SNOWMAN CO.,LTD., sends its executive director of the food product line to Fima Expo for exchange and cooperation on RACC2024
- 8 Zhejiang Association of Refrigeration and China Refrigeration and Air-Conditioning Industry Association held a joint meeting to focus on deploying the RACC Expo 2024
- 9 Embracing New Opportunities---Hundreds of Chinese companies will exhibit at HVACR VIETNAM from 4-6 September
- 10 GUANGZHOU NEWEX CLIMATE TECHNOLOGIES CO.,LTD. Invites you to Attend the China International Air Conditioning, Ventilation, Refrigeration and Cold Chain Exhibition (RACC 2024)
- 1 [October 23] Facing Intense Competition, How to Break Through and Expand Overseas? The 4th Summit of the Forum on China HVAC International Trade is Coming Soon!
- 2 The Fujian Refrigeration Society will organize a delegation of chief engineers to attend RACC 2024!
- 3 [Agenda Preview] The 2024 Asia International Heat Pump Development Summit Forum is coming soon!
- 4 Registration is Opening | 1st Summit Forum on Energy Storage and Thermal Management Industry Development
- 5 Numerous overseas businesses are eagerly contacting their Chinese partners, planning to meet at the RACC EXPO!
- 6 The Technology Exchange Conference and New Product Promotion Conference of Zhejiang Daming Refrigeration Technology Co.,Ltd. is about to make a stunning debut!
- 7 Full of business opportunities! Over 100 buyers from India are gathering at RACC 2024 with their purchasing demands.
- 8 10-day countdown | The RACC 2024 Visitor Guide is freshly released, check it out now →
- 9 Serious Statement!
- 10 AHP Exhibitor Recommendation | Dafu Intelligent Technology Co., Ltd., will be exhibiting its products at the AHP Expo 2024!
[October 23] Facing Intense Competition, How to Break Through and Expand Overseas? The 4th Summit of the Forum on China HVAC International Trade is Coming Soon!
Facing Intense Competition, How to Break Through and Expand Overseas? On the afternoon of October 23, from 13:00 to 16:30, the " 4th Summit of the Forum on China HVAC International Trade ," co-hosted by the China International Chamber of Commerce Zhejiang Chamber, Zhejiang Association of Refrigeration, and Zhejiang Refrigeration and Air Conditioning Industry Association, and organized by Hangzhou ForMice Exhibition Co., Ltd., will be grandly held at the Hangzhou International Expo Center.
The Fujian Refrigeration Society will organize a delegation of chief engineers to attend RACC 2024!
From October 23 to 25, the Fujian Refrigeration Society will organize a delegation of chief engineers specializing in refrigeration and HVAC from Fujian Province Design Institutes to attend the 4th China International Air Conditioning, Heating, Ventilation, Refrigeration and Cold Chain Expo (RACC 2024) for exchange!
[Agenda Preview] The 2024 Asia International Heat Pump Development Summit Forum is coming soon!
As the transition from coal to electricity in the northern regions reaches its final stage, the heat pump industry faces intensified competition due to overcapacity, putting pressure on revenue and profits. How to break through and find a way out?
Registration is Opening | 1st Summit Forum on Energy Storage and Thermal Management Industry Development
The "1st Summit Forum on Energy Storage and Thermal Management Industry Development" will be held on October 24, 2024, at the Hangzhou Grand Convention and Exhibition Center, Zhejiang.
Numerous overseas businesses are eagerly contacting their Chinese partners, planning to meet at the RACC EXPO!
The event will make a stunning debut at the Hangzhou Grand Convention and Exhibition Center on October 23. On the event, Daming will specifically launch its cold storage source unit products!