Argentina's Newsan invests $4 million in cold storage facility

The company will officially inaugurate the facility later this month. 

Argentinean fishing group Newsan invested $4 million (€3.5 million) in the installation of a freezing facility that will serve as an authorized warehouse for imported goods, reports El Diario de Madryn.

The company, through its export arm Newsan Food and together with Argentinean firm Pesquera San Isidro, refurbished the plant in Puerto Madryn -- formerly operated by fishing company Harengus -- turning it into a cold storage facility equipped with state-of-the-art technology, it said.

The new facility has a freezing capacity of 2,800 metric tons and is equipped with vertical management systems (VMS) that use automatic collection and identification of data, for a more efficient control of stocks. 

In addition, the technology enables a quicker cargo loading and downloading process due to its rack system, which is expected to increase productivity.

The official inauguration of the plant will be held on July 27. 

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