M&G Group Targets Latin America For Growth in Polyester and PET

摘要

Gruppo Mossi & Ghisolfi (M&G Group) expects its planned acqusition of Rhodia's 88.4 Percent stake in Rhodia-ster, a Brazilian manufactuer of polyester, to help make it the world's second largest producer of polyethylene terephthalate (PET). Combined with an expansion of M&G's PET operations in Altamira, Mexico, the acqusition, announced last month and epected to be completed around the end of September, will raise M&G's PET capacity to 1.2 million metric tons per year and boost its anual sales from