Gulfport, Mississippi, USA: A subsidiary of Core X Partners is investing $73m to establish a Mississippi cold storage site at the Port of Gulfport in a venture to revitalise the Gulf Coast cold supply chain.
“The collaboration between the Mississippi Development Authority, Core X and Port of Gulfport underscores the state’s commitment to fostering growth, creating quality employment opportunities and further establishing Mississippi as a leader in the global logistics industry,” Governor Tate Reeves said.
Mount Laurel, NJ-based Core X Partners formed a new regional unit called Core X Gulfport that will build a new 150,000-square-foot cold store located two miles from the port’s main entrance. Core X Gulfport will also offer access to onsite US Department of Agriculture inspection services, US Customs and Border Protection agriculture specialist inspections and trans-loading services.
Core X Gulfport expects to break ground by the end of this year. Bill Cork, executive director, called Core X’s decision to launch cold storage operations at the Port of Gulfport a testament to the advantages of doing business in Mississippi, with its ideal southeastern location and direct access to the Gulf of Mexico. The Port of Gulfport is a bulk, breakbulk and container seaport that encompasses a 300-acre deep-water port and a 116-acre inland port facility.
“The deep-water port enables the quick delivery of goods to international markets,” Cork said.
The new Gulfport facility will store a diverse product range — from fruits, vegetables and dairy products to medicines — that will increase the year-round availability of perishable goods to the local and regional markets and potentially lower costs.
“We are delighted to have earned the trust of the Port of Gulfport and plan to invest over $70m to build a world-class port facility,” stated Tom Casey, Core X Partners’ co-founder and chief investment officer.
