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M&G announces 200 kMT capacity expansion in Brazil
25
Aug '08
The M&G Group (Gruppo Mossi & Ghisolfi) announced that it has started an investment to expand the capacity of its single reactor Brazilian PET plant to 650 kt/year from its current 450 kt/year rate.

The expansion investment is expected to require 12-15 months before it comes on stream; necessary equipment parts orders have already been placed. With the expansion, M&G Brazil PET plant, located in Ipojuca in the State of Pernambuco, will remain by far the largest single reactor PET plant in the world.

M&G Brazil plant is also the most innovative in the industry, as it employs M&G's unique and proprietary technologies such as FlexPETTM - designed to achieve large scale, economically viable barrier-enhanced PET production - and EasyUp - M&G's innovative viscosity upgrading process which substantially reduces the costs, while retaining the flexibility benefits of the SSP manufacturing step.

Marco Ghisolfi, CEO of M&G's Polymers Business Unit said, “I am very happy to be able to re-confirm M&G Group's commitment to Brazil and to the PET industry”. He added “Even if growing significantly, we estimate that Brazil's PET market will only reach 650 kt/year in 2012 or 2013. However, we have decided to anticipate our plant capacity expansion to ensure that we continue to provide stability, support and technological leadership for the growth plans of the many M&G customers who have entered into medium term contract commitments with us in Brazil.

Gruppo Mossi & Ghisolfi

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