French logistics group CMACGM to invest US$...

French logistics group CMA-CGM plans to invest $63mn in Ceará state in Brazil, with the goal of expanding its operations in the country. The company has already invested $16mn in the Fortaleza port terminal and this new investment includes a focus on sustainability. CMA-CGM operates 60 port terminals worldwide and sees the Ceará port complex as strategically located to reach US and European markets. They are optimistic about closing more deals in Brazil.

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