You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Fort Wayne ranks No. 11 on Forbes list of Opportunity Cities
    Forbes has ranked Fort Wayne No. 11 on its list of Opportunity Cities. The 19-city list, published Thursday, put Columbus, Ohio, at the top.
  • Alibaba stock soars 40% in massive IPO
    NEW YORK – Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese
  • China levies record fine
    BEIJING – Drug giant Glaxo­SmithKline was fined $492 million Friday for bribing doctors in China in the biggest such penalty ever imposed by a Chinese court.
Advertisement

Woodburn storage facility promises to create 75 jobs

Officials on Friday gathered to kick off the construction of a $12.1 million Woodburn storage facility that promises to create 75 jobs in coming years.

North American Cold Storage will build a 96,000-square-foot public refrigerated warehouse at 23202 Roemer Drive. The company expects to invest $28.1 million in equipment and related upgrades over the the next several years.

“We are very pleased with the attention we’ve received from the state of Indiana and the City of Woodburn during our buying process,” Scott Parker, partner of North American Cold Storage, said in a statement. “With the new Highway 24, it’s not only the perfect location for exposure but it also allows us the possibilities to expand even more.”

North American's new facility will be equipped with a state‐of‐the‐art warehouse management system, radio‐frequency barcode scanning, electronic data interchange, energy management, including variable frequency drives, and high bay LED lighting.

For more on this story, see Saturday’s print edition of The Journal Gazette or return to www.journalgazette.net after 3 a.m. Saturday.

pwyche@jg.net

Advertisement