NewCold Invests in New Location in Right to Work Indiana

NewCold is a company based in the Netherlands that specializes in temperature-controlled storage. They recently decided to open a new location in Lebanon, Indiana. So this will be their 10th location outside of the Netherlands. In order to cover the cost of a new 380,000-square-foot facility, they are investing $150 million into the project. The new location also plans to bring in 202 new jobs to the area by 2023. So this will be good news for Lebanon’s economy.

From Area Development Magazine:

“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.†[…]

“We look forward to becoming a long-term member of the Lebanon and Indiana business community, supporting local communities in efforts to foster economic growth and create high-quality employment opportunities.â€

“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[. W]e’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.â€AREA DEVELOPMENT MAGAZINE

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