M&G Group (Tortona, Italy), a leading producer of PET for packaging applications in North America, will build two new plants in Corpus Christi, Texas. These will include a one-million-tons per year PET plant and another 1.2 million tons per year PTA plant.

“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.”

These plants will soon create hundreds of jobs in Corpus Christi. Texas Governor 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.”