Maag Automatik reports that M&G Finanziaria has picked Maag to supply equipment for its PET pelletizing plant in Corpus Christi, Texas, that will produce one million tons of material per year when it gets commissioned by the of 2015.

Maag, of Oberglatt, Switzerland, is providing Sphero underwater pelletizers and corresponding melt pumps, screen changers and Maag’s direct-crystallization CC-PET process.