 |
Corpus Christi lands new manufacturing plant |
HOUSTON,
July 11, 2011 /PRNewswire
M&G Group, the largest producer of
Polyethylene terephthalate (PET),a safe plastic used for beverage containers in the Americas, has selected
Corpus Christi, Texas, as the location for construction of its previously announced one million tons per year
PET plant (2.2 billion pounds) and accompanying 1.2 million tons per year (2.6 billion pounds) PTA plant.
The new plants will generate approximately 250 new jobs. An additional 700 indirect positions are anticipated and as many as 3,000 jobs likely will be created during construction.
Corpus Christi,
Texas, is located 200 miles southwest of
Houston, Texas, and 145 miles east of
Laredo, Texas. It is strategically located on the
Gulf of Mexico with a metropolitan population over 400,000. The Port of
Corpus Christi is the sixth largest port in
the United States, in terms of tonnage, and will soon expand significantly as a major trade gateway for
Mexico and
Latin America with development of the La Quinta Container Terminal.
"
Corpus Christi is an excellent strategic home for what will be M&G's largest-ever investment. It has exceptional highway, deep-water and rail access, including three Class 1 railroads," said
Marco Ghisolfi, CEO of M&G's Polymers Business Unit.
"I'm pleased M&G Group has chosen
Corpus Christi as the location of its new North American plant, creating hundreds of jobs for Texans and further strengthening our state economy, and wish them continued success at this new facility," said Governor
Rick Perry of
Texas. "This announcement is great news for
South Texas and for the Lone Star State as we continue to attract companies from around the world to create jobs in
Texas thanks to our low taxes, reasonable and predictable regulatory climate, fair legal system and skilled workforce."