The property has been purchased by the M&G Group from the philanthropic organization, The Robert Driscoll and Julia Driscoll and Robert Driscoll, Jr. Foundation. The land is conveniently located on the northern side of the Viola Channel within the Port of Corpus Christi providing good access to rail and navigable water.
"The final selection and the purchase of the land is an important step as it will allow us to complete detailed engineering and permit filing", commented Mauro Fenoglio, the Project Leader for this important investment.
"I'm glad to have had the opportunity to personally reiterate to Governor Perry, during his recent visit to Italy, our commitment to Corpus Christi, Texas for the world's largest PET integrated plant" said Marco Ghisolfi, CEO of M&G's Polymers Business Unit. He added, "The synergies of the location, adding to the unmatched size and integration efficiency of the plant, will further remove logistic costs, making our operation by far the world lowest cost."
"I always appreciate the opportunity to meet with employers that are looking to Texas as the best place to grow their business, and I'm pleased M&G Group is finalizing its plans to create hundreds of jobs for Texans in Corpus Christi," Texas Gov. Rick Perry said. "The strong business climate we've fostered in Texas continues to attract employers from around the world to create jobs and opportunity in the Lone Star State because of our low taxes, reasonable regulations, fair courts and skilled workforce."
About the Project
The new plants will generate approximately 250 new jobs. An additional 700 indirect positions are anticipated and as many as 3,000 jobs likely will be created during construction.
The new PET single line plant will employ the same technology as M&G's single reactor Suape (Brazil) PET plant, including M&G's revolutionary EasyUpTM SSP technology. Corpus Christi, Texas, is located 200 miles southwest of Houston, Texas, and 145 miles east of Laredo, Texas. It is strategically located on the Gulf of Mexico with a metropolitan population over 400,000.
The Port of Corpus Christi is the sixth largest port in the United States, in terms of tonnage, and will soon expand significantly as a major trade gateway for Mexico and Latin America with development of the La Quinta Container Terminal. The Corpus Christi Port Authority, to support the expected traffic growth, have also just announced a major rail expansion.
Gruppo Mossi & Ghisolfi (M&G Group) is a family owned chemical engineering and manufacturing group headquartered in Tortona, Italy. M&G Group operates in the PET resin industry through its wholly-owned holding company Mossi & Ghisolfi International S.A. (M&G International). M&G International is one of the largest producer of PET resin for packaging applications in the Americas, with a production capacity in 2012 of approximately 1.6 million tons per annum.
Gruppo Mossi & Ghisolfi (M&G Group)
| On 29th Jul 2021
The United States has decided to raise US-made content in government...
| On 29th Jul 2021
Ensuring that the supply chain of Vietnam is not interrupted amid the ...
| On 29th Jul 2021
Italian luxury fashion company Aeffe has acquired fashion house...
Strongly believe in 'people first' policy.
Sustainable and eco-friendly fibres remain in the minority
Still struggling to mop up higher sales
Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...
With the support of the first investors - Finland's Technical Research...
Seraphine is a British maternity brand providing affordable luxury fashion ...
Jaanuu, a vertically integrated e-commerce company, has reimagined the...
Garware Technical Fibres
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
German company Dilo Group is one of the leading equipment suppliers of...
Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep
Established in 2012, Sarah & Sandeep is a luxury menswear label...
The creations by Aprajita Toor were born out of a deep desire to create...
Sailesh Singhania Label
The Sailesh Singhania label was created to promote handwoven sarees and...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.