Italy's M&G Group (M&G) recently announced that it has signed a US$ 1 billion engineering, procurement and construction contract ("EPC Contract") with Sinopec Engineering Group (SEG) for the turnkey construction in Corpus Christi, Texas of its PET/PTA plants. Together, they will be merging the world's largest single line PET plant, with a 2.2 billion pound capacity per year, with the…

Gov. Rick Perry this month (Sept. 2012) while in Italy meet with Chairman Vittorio Ghisolfi and other executive leadership from M&G Group, an Italian company that last year announced plans to open a facility in Corpus Christi. The governor also met with Lombardy President Roberto Formigoni to discuss competitiveness and biotechnology, and Ferrari Chairman Luca di Montezemolo. "I always…

CORPUS CHRISTI - Governor Rick Perry announced today that a M&G Group, a PET resin manufacturer, has chosen Corpus Christi for its latest plant. According to a news release, "the expansion is expected to create at least 250 direct jobs at the facility, and generate several millions in capital investment." The Corpus Christi Regional Economic Development Corporation believes the facility will…