M&G Chemicals

Taiwan's FENC buys PET plant in Apple Grove from M&G Polymers USA / Entry into North American market

US subsidiary enters Chapter 11 / Worldwide production halted / Follow-up

Restructuring plan filed in Italy / Chapter 11 in US? / Sale of biofuel activities mooted / PET plant in West Virginia temporarily shut down

Global consumption to grow by 6.9% per year to 2025 / Consumer awareness about recycled products and government initiatives drive growth / Europe's waste management systems oversupplied with low-quality plastics / Grand View Research report

Italian PET group in great difficulty / US subsidiary collapsing due to liquidity problems / Production stopped / Construction work in Corpus Christi also halted

PTA supply to M&G halted due to overdue payments / Possible troubles for PET producer

Increase in PET capacity at Corpus Christi plant / Total output to reach over 1.1m t/y

PET group receives USD 300m capital injection / TPG investor acquires minority stake