Brazil 4 Business

Ceará

The state of Ceará is the third largest economy in the Northeast of Brazil. Its capital, Fortaleza, is located in a coastal area, strategically positioned for the operations flow merchandise. Compared to other states, it has logistical advantage due to its proximity to major markets such as Europe, America and Africa, which facilitates the transportation of cargo by sea and air in a short period of time.

Ceará accounts for the 11th economy of the country and the third largest economy in the Northeast, with a gross domestic product (GDP) of R$ 95 billion. Its economy is sustained in activities related to services (68.1%), industry (26.4%) and agriculture (5.5%).
 
Among the prominent productive activities are the textile, footwear, leather, metal-mechanical, rocks and construction. Get to know the main attraction factors for investment:

  • The capital of Ceará, Fortaleza is the fifth largest city in Brazil, with 8.7 million inhabitants (2013);
  • In 2013, Ceará inaugurated the first Export Processing Zone (EPZ) in the country, which promises to boost the foreign trade of the state by encouraging exports;
  • The state is the third largest wind power producer in Brazil;
  • Main producer and exporter of cashew nuts;
  • Largest vegetable wax (Carnauba) producer in Brazil;
  • It is the fourth largest Brazilian exporter of leather

DISCOVER CEARÁ


To assist and support to foreign investors, the International Business Centre (CIN) makes available to businessmen information, consulting services, organization of fairs, events and international missions. The CIN-FIEC is part of a network led by the Confederation of Industry (CNI) and connected with dozens of international institutions in promoting business and investments.

Check in the left menu, several advantages of investing in Ceará and please contact our team in the state.

Four segments are representatives for the industry of Ceará: mining, manufacturing, construction and production and distribution of electricity and gas, water, sewage and urban sanitation.
 
The strong processing industry makes the state an important industrial centre on the segments of footwear and textile.
 
However, other sectors are also significant in Ceará's economy:
 
Renewable energy
With one of the largest potential for wind power generation, the state now has 32 parks in operation; it is the largest producer of this energy in the country and is a pioneer in the production of tidal power. Actions were adopted for the state to be self-sufficient in energy in the coming years, among them is the consolidation of the generation of renewable energy parks (small hydro, wind, solar, biomass and tidal centrals).
 
Chemical
The chemical sector includes pharmaceuticals, toiletries, cosmetics, petroleum based products and pesticides, paint, gas, veterinary among others. The Ceará production of cosmetics remains occupying a wide space in the Northeast and North of Brazil, which in area outweighs the Southeast, the South and the Central-West. The sector also has the impulse throughout its production chain with the arrival of the Premium II Refinery, bringing cost reduction and a significant increase in the local labour quality.
 
Metal-mechanic
The industry is growing with the auto industry moving to the region, besides the oil and gas industry also on the rise. With the implementation of a lamination industry in the Industrial and Port Complex of Pecém (CIPP) and two steel mills that are in setup process in Ceará, the mechanical metal sector of the state in the year 2015 will be one of the most promising of the country.

Civil Construction
One of the sectors that mostly grew in recent years, civil construction has programs aimed at housing and carrying out major projects on behalf of the development of the state, warming the market and generating profits as well as jobs in areas such as production, sales and trade materials. Salary growth in terms of reais, the greatest purchasing power and the growing of middle class, inflation at controlled level, lower unemployment rate and increase in mortgage operations are some of the factors driving the industry.
 
Textile
Ceará is the second textile pole in Brazil. Several companies from the South of the country like Vicunha and Marisol, have settled in the state. Foreign companies such as American group VF announce investments, which can further boost the sector. The Fashion Yearbook of Ceará in 2011, launched by Sinditêxtil shows that the state has the most diverse and organized fashion pole in the country. Fortaleza is a wholesale target from other states going to the capital to buy a wide variety of fashion products made in Ceará.

The state of Ceará encourages and benefits its investors in various ways, among them, encouraging the qualification of the workforce, investing in infrastructure and technology and innovation centres and granting tax incentives in order to make the region more attractive.

It offers customized financing lines for the various types of investments. Among the main incentives, the following stand out:

  • ICMS reduction
  • ICMS deferral
  • Suspension II, IPI, PIS / COFINS and AFRMM
  • Reinvestment on IRPJ
  • IRPJ income tax reduction
  • AFRRM exemption
  • Financial contribution
  • Exemption on ISS, IPTU and ITBI

 Banks with attractive financing lines

  • Banco Nacional de Desenvolvimento Econômico e Social (BNDES)
  • Banco do Nordeste
  • Banco do Brasil
  • Caixa Econômica Federal

 Other incentives

  • Export Processing Zone (EPZ)
  • Area donation
  • Infrastructure granting
  • Industrial Districts

The International Business Centre is ready to assist in the process of obtaining various incentives and benefits, through coordination with the various agents involved.

Opportunities
The state of Ceará has several investment opportunities, including the possibility of public-private partnerships. Check out from the selection below some of the major initiatives. For more details, visit the Bank of Opportunities.
 
- Construction, Operation and Maintenance of Cable-stayed bridge over the Rio Cocó.
- Implementation, Operation and Maintenance of the Intermodal Terminal for loading and containers, located at the Port of Pecém.
- Construction, Operation and Maintenance of the Metropolitan Arch
- Implementation, Operation and Maintenance of Fortaleza's Subway.
- Expansion, operation and maintenance of Cariri's train.
- Construction of Ceará's Entertainment and Convention Center

Company: Companhia Siderúrgica do Pecém - CSP
Investment: R$ 51 billion
Jobs created: 16,000
Town: São Gonçalo do Amarante
Country of origin of the capital: Korea and Brazil
Object: Steel slab production
 
Company: Port of Pecem Power Generation S / A
Investment: R$ 1 billion
Jobs created: 80
Town: São Gonçalo do Amarante
Country of origin of the capital: Portugal and Brazil
Object: Electric power generation with coal base
 
Company: Steel Latin American S / A - SILAT
Investment: R$ 700 million
Jobs created: 550
Town: Caucaia
Country of origin of the capital: Spain
Object: Flat laminated steel production

Company: Companhia Sulamericana de Cerâmica S/A
Investment: R$ 97 million
Jobs created: 550
Town: Caucaia
Country of origin of the capital: Colombia and Brazil
Object: Production of sanitary ceramic materials

Company: White Martins Pecém Gases Industriais Ltda
Investment: R$ 357 million
Jobs created: 480
Town: São Gonçalo do Amarante
Country of origin of the capital: Brazil
Object: Manufacturing of industrial gases
 
Company: Aeris Indústria e Comércio de equipamentos para geração de energia Ltda
Investment: R$ 80 million
 Jobs created: 1,206
 Town: Caucaia
 Country of origin of the capital: Brazil
 Object: Manufacturing of machinery, appliances and equipment (manufacturing of blades for wind generator)
 
Company: Votorantim Cimentos N/NE S/A
Investment: R$ 54 million
 Jobs created: 70
 Town: Caucaia
 Country of origin of the capital: Brazil
 Object: Manufacturing of cement
 
 
Company: CGTF Central Geradora Termoelétrica Fortaleza S/A
Investment: R$ 46 million
Jobs created: 46
Town: Caucaia
Country of origin of the capital: Spain
Object: Electric power generation
 
Company: Tortuga Companhia Zootécnica Agrária
Investment: R$ 20 million
Jobs created: 153
Town: São Gonçalo do Amarante
Country of origin of the capital: Netherlands
Object: Production of mineral concentrates and supplements for animal feed.
 
Company: Hydrostec Tubos e Equipamentos Ltda
Investment: R$ 13 million
Jobs created: 80
Town: Caucaia
Country of origin of the capital: France
Object: Manufacturing of steel tubes, carbon, tubular piles, equipment and mechanical parts.
 
Company: Companhia industrial de Cimento Apodi
Investimento: R$ 11 milhões
Empregos gerados: 160
Município: Caucaia
País de procedência do capital: Brasil
Objeto: Fabricação de cimento