NewCold, a company based out of the Netherlands, has announced that they are planning a major company expansion into the United States, with Lebanon, Indiana being the main benefactor of over 200 new jobs. NewCold is a fast-growing company that specializes in temperature-controlled storage and warehousing.
The plan that they have laid out specifies their intention to build a cutting-edge facility in Lebanon, Indiana, which would take place by 2023.
Governor Eric Holcomb had this to say about the announcement: "Indiana's reputation as a destination for growth-minded global companies like NewCold continues to grow. We were pleased to share Indiana's story with NewCold executives at the SelectUSA Investment Summit last year, and we're excited to welcome them to the Hoosier state today as the company commits to establishing a state-of-the-art cold storage facility in Lebanon, creating hundreds of career opportunities for Hoosiers."
NewCold already has 9 facilities around the world. The new $150 million project in Indiana would be the company's 10th facility and would be 380,000 square feet.
Bram Hage, founder and CEO of NewCold said, “It is very pleasing to see our continued growth in North America as we seek to build a long-term strategic relationship with Conagra, built on mutual trust. Our robust global pipeline includes the delivery of at least six new capital projects, as we continue to develop multiple large-scale automated facilities across Europe, Australia and North America. This momentum confirms a very positive future for customers and an innovation boost for the industry.”
When finished, the facility in Lebanon, Indiana would be the fourth such facility in the United States for NewCold. NewCold was offered over $2 million in tax incentives to build the facility, with the consideration that they will help to bring dozens of jobs to the area.
Lebanon Mayor Matt Gentry added, “NewCold’s facility and jobs creation will greatly increase the quality of life for our residents. We are hopeful that this newest addition to our city will continue to highlight the vast opportunity Lebanon and Boone County has to offer.”