SÃO PAULO--(BUSINESS WIRE)--Apr 30, 2024--
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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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.
New Emergent Cold LatAm warehouse in Talcahuano, Chile. (Photo: Business Wire)
LONDON (AP) — Prince Harry can't expand his privacy lawsuit against The Sun tabloid publisher to include allegations that Rupert Murdoch and some other executives were part of an effort to conceal and destroy evidence of unlawful information gathering, a London judge ruled Tuesday.
The decision by Judge Timothy Fancourt's in the High Court was a mixed ruling for the Duke of Sussex in one of his three major invasion of privacy lawsuits he has brought in his ongoing battles against British tabloids.
Fancourt rejected several of Harry's proposed amendments, but he also allowed the prince to add allegations against other journalists and private investigators that he claims used unlawful means to snoop on him for scoops.
But Fancourt said allegations that Murdoch “turned a blind eye” to wrongdoing added nothing meaningful to claims made against News Group Newspapers, or NGN. The judge said those claims already include “trusted lieutenants,” such as Murdoch's younger son, James Murdoch, and Rebekah Brooks, who was editor at News of the World and The Sun.
The judge said some of Harry's efforts to blame other executives were to further a political agenda.
“There is a desire on the part of those running the litigation on the claimants’ side to shoot at ‘trophy' targets, whether those are political issues or high-profile individuals,” Fancourt wrote. “Tempting though it no doubt is for the claimants’ team to attempt to inculpate the man at the very top, doing so will add nothing to a finding that Ms. Brooks and Mr. James Murdoch or other senior executives knew and were involved, if that is proved to be the case,” Fancourt wrote.
Brooks is chief executive officer of News UK, a division of News Corp. media holdings that controls The Sun and The Times among other publications. James Murdoch resigned from News Corp. in 2020.
Rupert Murdoch, 93, was executive chairman of News Corp. and director of its subsidiary, News International, now News UK, which was NGN’s parent when News of the World folded. Murdoch stepped down last fall as leader of both Fox News’ parent company and his News Corp.
Both sides claimed victory in the ruling that precedes a trial scheduled early next year, but Fancourt said that it was a split victory with the defense gaining an edge on the issues argued.
News Group said that it welcomed the decision.
The company issued an unreserved apology in 2011 to victims of voicemail interception by the News of the World, which closed its doors after a phone hacking scandal. NGN said it has settled 1,300 claims for its newspapers, though The Sun has never accepted liability.
The three-day hearing in March included claims against NGN by others, including actor Hugh Grant, who accused The Sun of tapping his phone, bugging his car and breaking into his home to snoop on him.
Since then, Grant said he had reluctantly agreed to accept "an enormous sum of money” to settle his lawsuit.
Grant said he had to settle because of a court policy that could have stuck him with a huge legal bill even if he prevailed at trial. A civil court rule intended to avoid jamming up the courts would have required Grant to pay legal fees to both sides if he won at trial but was awarded anything lower than the settlement offer.
Attorney David Sherborne has suggested that Harry may have to settle for the same reason.
Harry has a similar case pending against the owner of the Daily Mail.
Last year, he won his first case to go to trial when Fancourt found phone hacking was “widespread and habitual” at Mirror Group Newspapers. In addition to a court judgment, he settled remaining allegations that included his legal fees.
Prince Harry looks round as he arrives at St Paul's Cathedral for a 'Service of Thanksgiving' celebrating 10 years of the Invictus Games Foundation, in London, Wednesday, May 8, 2024. (AP Photo/Kirsty Wigglesworth)
