Emergent Cold LatAm Opens Chile’s Largest Frozen Food Warehouse
30 Abril 2024 - 3:10PM
Business Wire
Newest addition to the Company’s cold storage
network has 37,000 pallets of capacity in 294,000 m³.
Emergent Cold Latin America (Emergent Cold LatAm), the region’s
largest provider of temperature-controlled storage and logistics
solutions, announced today the opening of the largest frozen food
warehouse in Chile, located in Talcahuano. This facility also marks
the company's most significant expansion in Latin America. Situated
in a region renowned globally for its seafood and fruit production
and exports, the warehouse represents a strategic enhancement of
the local cold chain infrastructure.
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New Emergent Cold LatAm warehouse in
Talcahuano, Chile. (Photo: Business Wire)
The facility has a storage capacity of 294,000 m³ and 37,000
pallets. This development is expected to generate 150 direct and
approximately 500 indirect jobs, bolstering the local economy.
This is Emergent Cold LatAm's first completed construction
project in Chile, following the acquisition of Friopacífico in 2021
and subsequent acquisitions of Multifrigo and Hook in 2023. The
company now operates nine facilities across several key regions,
including Valparaíso, Metropolitan, Biobío, and Los Lagos.
Joaquín Del Campo, Managing Director for the Pacific Region at
Emergent Cold LatAm, highlighted the strategic importance of this
investment: "We are committed to supporting the Chilean seafood and
agriculture industries. The increase in mackerel quotas and the
growth in Coho salmon and IQF fruit production require enhanced
capacity for temperature-controlled storage, perfectly aligned with
this new facility."
Neal Rider, Co-Founder and CEO of Emergent Cold LatAm,
emphasized the favorable conditions in Chile for business
expansion: "Chile's importance in the global food supply chain make
it an important part of our regional investment strategy. This
investment is part of our ongoing efforts to support the growth of
the seafood and agriculture industries and other sectors requiring
cold storage solutions."
The Company is already planning an expansion phase for this new
warehouse, which should be completed by early 2025. Total storage
capacity following this future expansion will be 389,000 m³,
representing a 50% increase in total capacity in the country and
double the current availability in the Concepción region.
About Emergent Cold LatAm:
Emergent Cold Latin America (www.emergentcoldlatam.com) is the
largest provider of temperature-controlled logistics and storage
for food in Latin America and the Caribbean. It was founded in
August 2021 to meet the need for modern cold chain solutions in the
market, and the growing demand from local and global customers. Its
main investors include Stonepeak, D1 Capital, and Lineage.
The company continues to invest in building and expanding a cold
chain network of the highest quality in order to provide end-to-end
solutions for its customers throughout the region. Emergent Cold
LatAm currently operates more than 70 cold storage facilities in 11
countries in Latin America, in addition to new warehouses under
construction.
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Emergent Cold LatAm Eduardo Correa -
eduardo.correa@emergentcold.com - +55 41 99638-2399 Communication
Manager, LatAm