Chancay anticipates investments of more than US$100 million in meat packing plants in the next 5 years

The commercial reorganization of the port system, which will culminate in the inauguration of the Chancay megaport, will attract investments of more than US$100 million in temperature-controlled logistics solutions and refrigerated warehouses throughout the country in the next 5 years.

This week, the company Emergent Cold Latam, in collaboration with DP World, inaugurated its new storage plant in Callao, with an investment of US$17 million to reach a capacity of 79,000 cubic meters with space for 12,000 pallets.

Rafael Rocha, commercial vice president of Emergent Cold Latam, explained for The Republic The warehouse, located in the logistics area opposite the DP World container yard, will be focused on the import and export market for refrigerated and frozen products, such as fruit, meat and fish. However, it will also allow for the development of inbound trade activities.

This means that the new Emergent Cold Latam warehouse in Callao will have an area that will allow importers to keep their products stored without paying taxes, even if it is in Peruvian territory, in a move that allows it to have cash flow while “nationalizing” said cargo in parts. A kind of commercial “embassy”, present in every global commercial hub.

“There was no other warehouse with these characteristics. There are other competitors that are dedicated to the simple storage of refrigerated products, but they do not provide a comprehensive service like ours, which not only enters the market as a storage solution, but as a comprehensive logistics solution, since we integrate transportation and fruit processing, we go beyond a cold room,” says Rocha.

Emergent Cold LatAm has an ambitious plan to develop more than US$100 million in different logistics solutions for the refrigeration sector in the country in the next five years, and they have confidentiality agreements with different companies to not reveal the next step that they hope to complete in the next six months.

This period coincides with the inauguration of the Chancay megaport, scheduled for November 2024. Rocha assures that the Chinese-owned terminal is attractive not only for the sector, but for all international trade in the region.

In this regard, he reveals that many of his clients in Brazil have shown interest in shipping protein goods – chicken, beef – to Asia through the new hub that is being created between Callao and Chancay. He confesses that they are attracted “by the 25-day route to China.”

“When we compare Peru with other countries, there are great opportunities for development in terms of investment and infrastructure. The issue of connecting with Brazil is already being worked on, many of our clients in that country are looking to sail via the Pacific and no longer via the Atlantic. Large protein exporters are testing, sailing today via Callao,” he points out.