Cargo Breaking News
Schmitz Cargobull AG has announced a strategic investment in Sub Zero Insulation Technologies (SZIT) and plans to strengthen its presence in the rapidly growing Indian cold chain logistics market. Under the agreement, Schmitz Cargobull will acquire a 27.5 per cent equity stake in SZIT, with an option to increase its shareholding over the coming years. This partnership marks a significant milestone in Schmitz Cargobull’s global expansion strategy. “India’s cold chain sector is evolving rapidly and Sub Zero has demonstrated strong potential to lead this transformation. By combining Schmitz Cargobull’s engineering expertise with Sub Zero’s market reach, we aim to deliver high-quality, efficient transport solutions across India and beyond. This is not just about business growth; it’s about enabling infrastructure that can help reduce the 30–40 per cent of perishable produce lost annually due to inadequate cold-chain facilities – losses that also contribute significantly to greenhouse gas emissions” said Andreas Schmitz, CEO Schmitz Cargobull AG.
