Caoa Invests R$ 3 Billion and Plans to Hire 800 Employees at Brazilian Factory

Written by Valdemar Medeiros

Published on 01/09/2023 at 13:48

Foto: faixada empresarial do Grupo Caoa/Reprodução

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Caoa Is Investing R$ 3 Billion in Its Factory in Goiás. The Expectation Is That, In Addition to Generating 800 Jobs, the Unit’s Capacity Will Be Expanded by 150%.

The Caoa group has started a new investment cycle in the municipality of Anápolis (GO). The announcement was made on Tuesday (29) and forecasts a total of R$ 3 billion to be invested over the next 4 years, generating 800 direct jobs.

The confirmation of the factory expansion was announced during a meeting with the Vice President of the Republic and Minister of Development, Commerce, Industry, and Services, Geraldo Alckmin (PSB), and the Vice Governor of the State of Goiás, Daniel Vilela (MDB).

Investments Focus on Increasing the Production Capacity of Caoa’s Manufacturing Unit

The focus of the Caoa Group is on a 150% increase in the production capacity of the SUV Tiggo 5X, in addition to maintaining marketing and after-sales activities carried out by the manufacturer. There are also plans to expand the dealership network focused on the sale of Chinese-origin cars.

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Investments for the Expansion of the Caoa Group Factory Will Strengthen the Electric Car Market

As mentioned above, the project also includes maintaining investments in the manufacturer’s marketing and after-sales sectors and expanding its dealership network, focusing on greater distribution capacity.

The company also stated its goal to continue investing in local Research and Development, leveraging mainly the qualified professionals in the region.

The project, in addition to generating hundreds of jobs, should strengthen the brand’s electric and hybrid cars, both those produced in Goiás and those imported from China. This marks the second consecutive investment in the Anápolis plant. The previous investment was made in November 2020 when the manufacturer announced an investment of R$ 1.5 billion.

Currently, Caoa has an important Center for Research and Energy Efficiency (CPEE), which establishes partnerships with state and federal universities in Goiás. Recently, the Research Center inaugurated the world’s largest glass facade with solar films. The building’s glass received organic photovoltaic (OPV) films on a surface of 850 m², generating sustainable energy with solar radiation efficiency.

Controversies Surrounding Caoa’s New Investment

The new investment by Caoa comes at a time when tax benefits are being questioned. Manufacturers based in the South and Southeast regions have campaigned against a possible extension of the tax incentives currently in place in the Northeast and Central-West. The main controversy involves the Stellantis group, which seeks to extend the program to maintain production plans at the Goiana (PE) factory.

In May of last year, Caoa announced the suspension of production in the city of Jacareí. Initially, it was intended to be a temporary halt; however, there has been no forecast for return.

The company confirms that the situation has not changed, and the unit remains closed. Also in 2022, the 489 employees laid off from their jobs in Jacareí accepted a compensation plan of nine to 15 nominal salaries, with a cap of R$ 5,000.

Caoa Invests R$ 3 Billion and Plans to Hire 800 Employees at Brazilian Factory

Caoa Is Investing R$ 3 Billion in Its Factory in Goiás. The Expectation Is That, In Addition to Generating 800 Jobs, the Unit’s Capacity Will Be Expanded by 150%.

Investments Focus on Increasing the Production Capacity of Caoa’s Manufacturing Unit

Investments for the Expansion of the Caoa Group Factory Will Strengthen the Electric Car Market

Controversies Surrounding Caoa’s New Investment

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Caoa Invests R$ 3 Billion and Plans to Hire 800 Employees at Brazilian Factory

Caoa Is Investing R$ 3 Billion in Its Factory in Goiás. The Expectation Is That, In Addition to Generating 800 Jobs, the Unit’s Capacity Will Be Expanded by 150%.

Investments Focus on Increasing the Production Capacity of Caoa’s Manufacturing Unit

Investments for the Expansion of the Caoa Group Factory Will Strengthen the Electric Car Market

Controversies Surrounding Caoa’s New Investment

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

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