M&G Finanziaria Chooses Maag to Equip New Plant
Maag Automatik, Großostheim, Germany, (a Dover Corporation Member) has been chosen by M&G Finanziaria, Tortona, Italy, to supply the equipment needed for a complete PET pelletizing plant.
Not only will Automatik deliver a number of its production proven underwater Sphero pelletizing systems but also corresponding melt pumps, screen changers and the company's highly innovative direct crystallization CC-PET process. Located in Corpus Christi, Texas, the new operation is designed for a capacity of 1 million tons per year and as a consequence will be the largest PET production site ever built. Commissioning is expected to commence by the end of 2015.
The M&G Group is among the world's three largest producers of PET resin for packaging applications, and the second largest in the Americas. The company expects that the project will both consolidate and strengthen its dominant position.
Maag Automatik Plastics Machinery is a subsidiary of Maag, Oberglatt, Switzerland, a leading manufacturer of gear pumps, pelletizing systems, and filtration systems for demanding applications in the plastics, chemical, petrochemical, and food industries. The whole company employs more than 500 staff at its headquarters in Switzerland and its production sites and sales offices in Germany, France, Italy, Singapore, Taiwan, Malaysia, China, Brazil, and the USA.
M&G Finanziaria controls the Mossi Ghisolfi Group which operates in the USA, Latin America, Asia and Europe. The group's activities are sub-divided into the following businesses: PET, its raw materials, and engineering relating to plants for these products; biofuels, chemical products derived from non-food biomass and engineering relating to these plants; Polyester fibers; Polimeri Italia - European PET resin production industry, including production of biodegradable polymers.
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