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COMPANY

COMPANY HISTORY

M&G Chemicals is one of the world’s largest producers of PET for packaging applications and a technological leader in the polyester market.
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M&G Chemicals is a direct evolution of the plastic processing businesses of the Mossi Ghisolfi Group, which was established in 1953 in Tortona (Italy).
  • 1953
    Mossi Ghisolfi Group was founded in Tortona, Italy by Vittorio Ghisolfi, and began operations in the plastic processing industry.
  • 1985
    Construction of one of the world’s then-largest PET plants in Anagni, Italy (nominal capacity 50 kMT/year) by an affiliate in the Mossi Ghisolfi Group.
  • 1989
    Establishment of joint venture with Shell for the manufacture of PET resin.
  • 1995
    Establishment of a joint venture with Marubeni for the manufacture of PET resin and pre-forms for PepsiCo in Europe.
  • 2000
    Acquisition of Shell’s global PET business, with assets in, inter alia, Italy, Mexico and the United States, in order to expand internationally as a PET producer.
  • 2002
    Acquisition of Rhodia’s Brazilian PET business (Rhodia-ster). Consequently M&G Chemicals extends its presence to Brazil and South America.
  • 2003
    Construction of the world’s then-largest PET plant in Altamira, Mexico (single line nominal capacity 490 kMT/year).
  • 2004
    Acquisition of the engineering company Chemtex from Mitsubishi Corporation. (Chemtex was founded as Rayon Consultants in 1947 and acquired by Mitsubishi Corporation in 1989). As a result, M&G Chemicals entered in the business of engineering, procurement and construction management in the fields of polyester (fibres and polymers), refining, petrochemicals and specialty chemicals, extending its presence to China and India.
  • 2007
    Construction of the world’s largest PET plant in Suape, North Eastern Brazil (nominal capacity 650 kMT/year).
  • 2010
    Divestiture of the Group’s European assets, consisting of two lines (one of which converted to non-PET production) located in Patrica, Italy, which were sold to M&G Finanziaria S.r.l.
  • 2012
    Commencement of upstream integration into PTA-MEG production, through the planned construction of the world’s largest PTA/PET plant in the United States in Corpus Christi, Texas (expected nominal capacity 1,300 kMT/year of PTA and 1,100 kMT/year of PET), and the planned construction of a bio-MEG project in China with expected nominal capacity of 220 kMT/year.
  • 2013
    M&G Chemicals signed a letter of intent with the Guozhen Group as a potential joint venture partner in its China bio-MEG project.
FOCUS NEWS
19/04/2017
The world’s largest resin-processing plant is expected to be fully operational by mid-2017, creating up to 250 permanent jobs and manufacturing over a million tons of PET resin a year at Port Corpus Christi.

03/05/2016

Valmet and Biochemtex collaborate in developing technology for lignin derived biochemical .
Valmet and Biochemtex will start to cooperate in the field of conversion of lignin into biochemicals.


20/01/2016
M&G Chemicals plans to increase the capacity of its Corpus Christi facility.
Opening in the second half of 2016