Snowman Logistics expands cold storage infrastructure in India

New Delhi, India: Snowman Logistics is expanding its cold storage facilities in various locations in India.
“We offer state-of-the-art cold storage services for commodities, which promotes food security and stabilizes prices,” said Ravi Kannan, Snowman Logistics, chief executive.

“Expansion of our storage facilities will help Snowman be a leading player in the emerging retail and food sector.”

IFC, a member of the World Bank Group, is providing a $6.5m loan for the expansion. “IFC’s investment in Snowman will help lower overall logistics costs and reduce wastage associated with Snowman’s clients, most of whom are in the agriculture and food sector,” said Anita M. George, IFC Director for Infrastructure in Asia. “This is an ongoing strategic partnership with Snowman.”

IFCinvested $5m in Snowman in 2009 to add storage capacity in India.  Snowman provides cold chain distribution to  4,400 outlets 16 facilities cold stores located in Mumbai, Chennai, Bangalore, Hyderabad, Kochi, Kolkata, Ludhiana, and Vishakapatnam.

WORLD NEWS

Bailón adds Schmitz Cargobull reefers

Zaragoza, Spain: Bailón group has added four new Schmitz Cargobull refrigerated trailers to its fleet, taking the total to 27. The group is the largest …

READ THE FULL STORY >

Chereau appeals for hydrogen production at distribution sites

Avranches, Normandy, France: Chereau is encouraging companies to set up hydrogen plants at distribution sites to encourage hydrogen refrigeration in trucks. Chereau is testing hydrogen-based …

READ THE FULL STORY >

Lineage Logistics buys Emergent

Novi, Michigan, USA: Lineage Logistics has acquired Emergent Cold in a $900m deal. The deal, first announced in November, marks Lineage’s entry into the Australia, …

READ THE FULL STORY >

Lineage Logistics buys Henningsen Cold Storage

Novi, Michigan, USA: Lineage Logistics has bought Henningsen Cold Storage Company. The deal bolsters Lineage’s presence in the Pacific Northwest adding 14 sites in Oregon, …

READ THE FULL STORY >

WHAT’S ON

  • Cold Chain Live
    Make a diary note for Cold Chain Live, 24 – 25 September, Birmingham, UK

Latest Tweets

© 2020 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ