media

News

23.07.2014
The Court of Milan rules against Invista’s PET Barrier Bottle Patent

Luxembourg – 23 July 2014

M&G Chemicals, part of the Mossi Ghisolfi Group (“M&G”), announces that the Court of Milan has confirmed its ruling against Invista Technologies S.à.r.l. (“Invista”) declaring in a first instance the nullity of the Italian counterpart of Invista’s patent relevant to barrier resin products (*).

The Court of Milan also condemned Invista to pay all damages caused to M&G through the acts of unfair competition, ordering the immediate payment of 70.000,00 Euros prior to the final evaluation of such damages incurred by M&G.

In addition Invista was condemned to pay the relevant  legal costs and fees in the amount of 50.000,00 Euros as well as the costs of the Expert appointed by the Court.

According to Marco Ghisolfi, President and CEO of M&G Chemicals, M&G Chemicals welcomes the decision of the Court of Milan as it confirms M&G Chemicals’ original position that Invista had no valid rights within this patent and no valid rights to limit M&G’s fair commercial activity on the barrier resin market.

(*) patent #: EP 1 663 630 B1
About M&G Chemicals

M&G Chemicals is among the three largest producers of PET resin for packaging applications in the world, and the second largest in the Americas, in terms of nominal capacity with 1,600 kMT/year, and with almost 1.4 MMtons/year of installed prime capacity, and employs more than 900 employees in more than 14 locations in six countries around the world. In 2013 M&G Chemicals posted an annual revenue of 1,675 million Euro.

M&G Chemicals has manufacturing locations in Brazil, Mexico and the USA. Its plants in Suape (Brazil) and Altamira (Mexico) are the two largest single lines and most efficient (measured in terms of operating costs per metric ton) in the world and are based on proprietary technology. Through its engineering division Chemtex, M&G Chemicals provides technological development, research and engineering services for the construction of plants for customers in the polyester chain (including PET, polyester fibre and PTA production) and LNG industries. These activities are also aimed at enabling the production of PET resin 100% made from renewable sources. M&G Chemicals is an affiliated entity with the Mossi Ghisolfi Group.
For further information: www.mg-chemicals.com

Media Enquiries:

M&G Chemicals - U.S.:
Frank Clarke
+1.212.935.0210
fclarke@strategy-xxi.com

M&G Chemicals - Europe:
Terry Tyzack – tyzack@fastwebnet.it

News

08.07.2015
Beverage Packaging Innovation recently had the opportunity to speak with Mario Barbieri, executive director of supply chain and upstream integration at PET resin supplier M&G Chemicals.
The subject of the discussion was the upcoming development of the company’s groundbreaking Corpus Christi manufacturing site in Texas, which will be a game-changer for PET manufacture.
17.03.2015
Fundraising in Guido’s memory
Everyone is invited to donate, it’s an open initiative for all who loved Guido.
04.03.2015
Guido Ghisolfi has passed away
A very severe depression caused his untimely passing
19.01.2015
M&G Chemicals has completed the issue of $300 Million in new equity to TPG
M&G Chemicals announces it has completed its issue of the USD 300 million in new equity to TPG Opportunities Partners and affiliated funds (“TPG”), as first announced in a November 13, 2014 press release.
13.11.2014
M&G Chemicals Issues $300 Million in New Equity to TPG
M&G Chemicals, a chemicals manufacturing and engineering company and a leading global supplier of polyethylene terephthalate (“PET”), announced today that it recently signed an agreement to issue USD $300 million in new equity to TPG Opportunities Partners and affiliated funds (“TPG”).
06.10.2014
BIOCHEMTEX and BETA RENEWABLES signed a contract with ENERGOCHEMICA SE for the construction of a 2nd Generation Ethanol plant in the Slovak Republic
Biochemtex and Beta Renewables announce they have signed a definitive agreement with ENERGOCHEMICA SE for the construction of a 2nd Generation Ethanol plant and the annexed Energy Block for the generation of power and steam.
28.07.2014
23.07.2014
10.07.2014
18.11.2013
M&G Chemicals launches green revolution in the polyester chain
M&G Chemicals announces today its decision to construct a second-generation bio-refinery in the region of Fuyang, Anhui Province of China for the conversion of one million metric tons of biomass into bio-ethanol and bio-glycols.
09.10.2013
16.04.2013
M&G sells $350,000,000 PET sourcing agreement to Alpek S.A.B. de C.V. and Acquires IntegRex® PTA Technology License for use in Corpus Christi M&G PTA-PET construction project
Houston, Texas. April 16, 2013 – M&G Group, announced today it has signed a Licensee Agreement with Alpek, S.A.B. de C.V. (Alpek) for IntegRex® PTA technology...
11.01.2013
M&G signs a US$ 1 billion EPC Contract with Sinopec Engineering(Group) Co.,Ltd. for the Construction of its Corpus Christi PET/PTA plants
HOUSTON – January 11, 2013 – The M&G Group ("M&G"), one of the three leading producers in the Americas of PET for packaging applications, announced today that it has signed a US$ 1 billion engineering...