August 28, 2016 6:23 PM ET

Chemicals

Company Overview of M&G Chemicals S.A.

Company Overview

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

Luxembourg,  1855

Luxembourg

936 Employees

Key Executives for M&G Chemicals S.A.

Chairman and Chief Executive Officer
Age: 54
Chief Financial Officer and Executive Director
Age: 54
President of Chemtex China and Chief Executive Officer of Chemtex China
Age: 61
Chief Executive Officer of Chemtex India
Age: 61
Chief Technology Officer
Age: 57
Compensation as of Fiscal Year 2016.

M&G Chemicals S.A. Key Developments

M&G Chemicals Increases Capacity of PTA-PET Plant in Texas

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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