17 July 2008 10:15 [Source: ICIS news]
LONDON (ICIS news)--Italy’s Mossi & Ghisolfi (M&G) will raise the capacity of its single reactor Brazilian polyethylene terephthalate (PET) plant by 200,000 tonnes/year to 650,000 tonnes/year, the company said on Thursday.
The company said in a statement that the plant, at Ipojuca in northeastern Pernambuco state, was expected to come on stream in 12-15 months. It added that the necessary equipment parts orders had already been placed.
M&G said that the plant would remain the largest single reactor PET plant in the world.
“Even if growing significantly, we estimate that ?xml:namespace>
“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.”
M&G is a family owned chemical company headquartered in
Group sales in 2007 were $2.8bn, of which around 90% came from sales of PET resin, M&G said.
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