Emergent Cold LatAm, a leader in refrigerated storage and transportation solutions in Latin America, has revealed a significant investment of $500 million to consolidate its presence in Mexico and expand in the Latin American region.

With an established presence in 11 countries and a history of operational expansions, Emergent Cold LatAm is positioned as the leading refrigerated logistics provider in the region.

Check here: Solili Industrial Report November 2023, construction of 590 thousand m² of industrial space begins

The announced investment is part of a third round of investments advised by J.P. Morgan, reflecting the confidence of businessmen and investors in the solidity and growth potential of the company.

This capital injection includes an allocation of $50 million for the construction of a new warehouse in Monterrey, as well as the expansion of two plants located in Apodaca and Villagrán.

Neal Rider, CEO of Emergent Cold LatAm, noted that these funds will be used for operational growth, acquisition of new warehouses and the implementation of technologies to improve productivity and reduce operating costs.

Rider said: "We continue to closely watch acquisition or expansion opportunities in Latin America; however, we have begun to channel the same energy and resources into the integration and transformation of our operations, ensuring better results and greater value delivered to our clients".

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This investment is added to previous ones, totaling at least 1.2 billion dollars allocated to the modernization of the Latin American cold chain in recent years.

With more than 70 warehouses in operation in 11 countries, Emergent Cold LatAm plans new construction in Chile, Mexico and Peru, as well as the expansion of warehouses in Brazil, Chile, Mexico, Panama and Uruguay, adding almost 170,000 new pallet positions to its ability.

At Solili you can consult industrial warehouses available in Monterrey, Saltillo and Ciudad de México

Original note