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Italy Invests in the US: M&G Group to Open Facility in Corpus Christi, Texas

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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 bring in over $4.8 billion over 10 years, with payrolls reaching $780 million. {pagebreak} M&G Group is a family owned chemical engineering and manufacturing group headquartered in Tortona, Italy. The