The warehouse automation and cold storage logistics company NewCold opened its new advanced cold storage facility in Lebanon, Indiana October 25. NewCold said that the new $300 million storage facility is among the largest in the world.

“We believe this facility sets a new benchmark for our industry,” said Bram Hage, NewCold’s founder and CEO. “NewCold is at the forefront of innovation in the market. We are building a more resilient, reliable, and sustainable food supply chain to better serve our customers. This allows us to support their growth and strategic objectives - to better serve their customers.”

Phase one of the facility is already operational and has a capacity of 107,000 industrial pallet positions. Construction of phase two at the Lebanon building, which is already underway, will see the venue’s capacity doubled to more than 200,000 industrial pallet positions. The second phase of the expansion will be operational by the summer of 2024.