December 25, 2014 6:22 PM ET

Chemicals

Company Overview of M&G Chemicals S.A.

Company Overview

M&G Chemicals SA produces and sells polyethylene terephthalate (PET) resins for packaging applications worldwide. Its products include PET resins in various grades, including CSD-grade standard PET resin formulation used for carbonated soft drinks; water-grade PET resin formulation used for bottling water; barrier-grade PET resin formulation for the packaging of fresh and refrigerated fruit juices, beer, and oxygen- and/or carbon dioxide-sensitive drinks and food; and sheet-grade temperature-resistant formulation for manufacturing dual oven-safe trays. The company also offers heat-resistant PET resin formulation for applications that are hot-filled, including still drinks, such as juice drin...

37/a Avenue J. F. Kennedy

Luxembourg,  1855

Luxembourg

936 Employees

Key Executives for M&G Chemicals S.A.

Chairman and Chief Executive Officer
Age: 52
Chief Financial Officer and Executive Director
Age: 52
Chief Executive Officer of Chemtex International
President of Chemtex China and Chief Executive Officer of Chemtex China
Age: 59
Chief Executive Officer of Chemtex India
Age: 59
Compensation as of Fiscal Year 2014.

M&G Chemicals S.A. Key Developments

M&G Chemicals to Build Second-Generation Bio-Refinery in China

M&G Chemicals plans to construct a second-generation bio-refinery in the region of Fuyang, Anhui Province of China. The plant, which will convert 1 million tonnes of biomass into bio-ethanol and bio-glycols, will be built through a joint-venture with Chinese company Guozhen. The plant is expected to require capital expenditures of approximately $500 million (€370 million) and be brought on stream in mid-2015. M&G Chemicals said Guozhen will provide straw biomass and use the lignin resulting as a by-product from the bio-refinery to feed a 45 megawatt (MW) cogeneration plant being constructed at the same time in the same site. The bio-refinery will employ PROESA technology licensed from Beta Renewables, a joint venture between Biochemtex (a company belonging to the Mossi Ghisolfi Group), US private equity fund Texas Pacific Group (TPG) and Danish enzyme producer Novozymes. The bio-refinery will be approximately four times the size (measured by volume of biomass processed) of that built by Beta Renewables in Crescentino, northern Italy. Novozymes also said the bio-refinery will produce monoethylene glycol (MEG), which main application areas are in the production of synthetic polyester fibres and as one of two main components in PET production.

Novozymes and Mossi Ghisolfi Open Second-Gen Biofuels Plant in Italy

Novozymes and Mossi Ghisolfi said that they have opened second-generation biofuels production facility in northern Italy. Based outside the city of Crescentino, it is the first facility in the world to be designed to produce bioethanol from agricultural residues and energy crops at commercial scale, using enzymatic conversion.

Update On IPO Of Finanziaria

M & G Finanziaria s.r.l. mulls listing by end of year, 2013.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 13, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact M&G Chemicals S.A., please visit www.mg-chemicals.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.