Ceara State rejoices expansion & growth in textile industry
14 Nov '05
3 min read
The Brazilian Textile and Apparel Industry Association's (ABIT) indictors informed that the State of Ceara celebrates its effective expansion in the textile sector.
Contrary to the general panorama, that is only now beginning to recover, the Ceara textile industry celebrates a constant and progressive growth in chain earnings.
In 2003, it was R$1.6 billion, jumping to R$1.8 billion the following year. This year earnings of R$2 billion are expected.
According to the President of Ceara's Sindtextil (General Yarn and Weaving Industries Union), Veronica Perdigao stated that the investments made by Ceara's entrepreneurs in the 90s were a guarantee for the State to increase production while the national textile park was in decline.
Even having earned R$2.5 billion in 2004, the equivalent to 4.1 percent of Brazilian Gross Domestic Product (GDP), or 17.4 percent of all the industrial activity in Brazil, the textile chain has not yet returned to the level reached in 2000, when total profit of the yarn and fabric production sectors, added to apparel, reached US$45 billion.
Logistic and infra-structure problems such as power rationing, and politics, with the unstable environment that preceded President Lula's election, are indicated by Institute of Study and industrial Marketing (Iemi) director, Marcelo Prado, as the causes for the sector's stagnation at a national level.
According to Sindtextil, the sector is responsible for 16.5 percent of Ceara's GDP, consuming 40 percent of the State's industrial energy.
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