Company Overview of M&G Chemicals S.A.
M&G Chemicals SA produces and sells polyethylene terephthalate (PET) resins for packaging applications worldwide. Its products include PET resins in various grades, including CSD-grade standard PET resin formulation used for carbonated soft drinks; water-grade PET resin formulation used for bottling water; barrier-grade PET resin formulation for the packaging of fresh and refrigerated fruit juices, beer, and oxygen- and/or carbon dioxide-sensitive drinks and food; and sheet-grade temperature-resistant formulation for manufacturing dual oven-safe trays. The company also offers heat-resistant PET resin formulation for applications that are hot-filled, including still drinks, such as juice drin...
37/a Avenue J. F. Kennedy
Key Executives for M&G Chemicals S.A.
Chairman and Chief Executive Officer
Chief Financial Officer and Executive Director
President of Chemtex China and Chief Executive Officer of Chemtex China
Chief Executive Officer of Chemtex India
Compensation as of Fiscal Year 2016.
M&G Chemicals S.A. Key Developments
M&G Chemicals Increases Capacity of PTA-PET Plant in Texas
Jan 25 16
M&G Chemicals said that it will increase the initial capacity of a previously announced, integrated polyethylene terephthalate (PET) and purified terephthalic acid (PTA) plant at Corpus Christi, TX, by more than 100,000 m.t./year of PET, to at least 1.1 million m.t./year of PET. The initial PTA capacity will also increase by the corresponding amount. The original capacity plan announced for the Corpus Christi project was 1 million m.t./year of PET and 1.2 million m.t/year of PTA. The company's plants at Altamira, Mexico; and Suape, Brazil, have also increased capacity more than 30% vis-a.-vis the initial design capacity. The complex is under construction and scheduled to open in the second half of 2016. The PET portion of the complex is on schedule, but a couple of suppliers of critical equipment to the PTA portion are indicating some delays, which are being analyzed and the consequences assessed. M&G is working on backup plans to ensure that a delay would not hold back the PET start-up.
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