Compex signs concession to operate fishing pier in Port of Fortaleza

Brazil’s Ministry of Infrastructure and the Companhia Docas do Ceará (CDC), signed the concession contract for the fishing pier at the Port of Fortaleza (CE) won by Compex Indústria e Comércio de Pesca e Exportação Ltda. The company won the electronic auction in March. This is the second infrastructure asset transferred by CDC to the private sector in 2020. A total of R$ 10 million will be invested in the 11,963 m² structure aiming to build-up a successful fishing industry at the port. Compex will pay R$ 3.4 million in grants over the 20 years of the contract.

Works are expected to begin in the second semester and operations should start in March next year. The demolition of a three-story building and improvements in the area’s delimitation areas are some of the expected improvements. Construction of the fish industry itself will include new refrigerated chambers and red-fish and lobster storage and processing facilities. The latter will be stuffed into containers on-site and exported to several countries, including the United States, Australia and China. The industry is expected to generate about 300 direct and indirect jobs.

Fish – The concession should lead to a 15% increase in exports of fish and lobsters from the state of Ceará. The contract stipulates that annually, about 800 tons of product caught must be exported by Compex. The company expects to increase revenues by 15% – the fishing pier alone should generate up to R$ 20 million per year.

Compex is a Ceará-based company. The group operates on the north coast of Ceará and has a fish factory in Aracaú (CE). In addition to its expertise in red fish and lobster, it hopes to work with new products, such as tuna.

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