He adds, “With this second large investment, M&G is filling the void left by decades of under-investment in the country's polyester industry which forced Brazil to make ever increasing and resource-draining imports.”
“Thanks to M&G's new investments, by late next year, PET capacity in Brazil will be around 700kt (almost double the current domestic PET demand) and the country will become a net exporter."
"Similarly, the planned new PTA plant in Pernambuco will bring the total PTA production in Brazil to 1 million tonnes – a capacity more than sufficient to meet the future demand of PTA in Brazil (even if new large polyester fiber projects are implemented) and in the whole Mercosul region”.
marketing@alchempro.com
