The M&G Group today confirmed plans to build the world’s largest PET plant near the town of Ipojuca which is in the State of Pernambuco, North Eastern Brazil. The new plant will have a capacity of 450kt/year (approximately 990 million lbs/year) and is expected to come on-stream in late 2006. In addition, M&G confirms that it is actively studying options to vertically integrate the new PET plant.
