Americold expands New Zealand site | ti-insight.com

Americold

Americold Realty Trust has announced in its fourth-quarter 2019 earnings call, the company intends to invest approximately NZD*65m in the expansion of its Dalgety site in Auckland, New Zealand.

The expansion will be anchored by Woolworths New Zealand (Countdown supermarkets) as part of a long-term commitment with Americold. This expansion will add approximately 4.6m cu ft of temperature-controlled capacity and approximately 27,000 pallet positions to the existing facility. At completion, the facility will be equipped with 20 additional dock doors and semi-automated container unloading technology to drive efficiencies. It will take approximately 12 months and bring much needed capacity to the Auckland and North Island markets. Construction has resumed and the project is expected to be completed by mid-2021.

“We are excited to move forward on this opportunity to grow with our customers in this dynamic market,” said Richard Winnall, Managing Director for the International Division of Americold. “With this expansion, Americold is adding capacity to support the expected growth of the national retailers, food producers, processors, distributors, and quick-service restaurants in New Zealand.”

“We’re looking forward to continuing this long-standing partnership with Americold which will help us improve product availability for our customers and maintain timely deliveries to our stores,” said Brett Ashley, Countdown’s General Manager Store Operations and Logistics.

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Source: Americold

*NZD1 = €0.57 / NZD1 = $0.65


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