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Maag Automatik Plastics Machinery Wins Major Contract

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Maag Automatik Inc.

1500 Continental Blvd., Charlotte, NC, 28273, USA

Original Press Release

Maag Automatik Plastics Machinery Wins Major Contract

Press release date: April 4, 2014

Oberglatt, Switzerland – Maag Automatik (a Dover Corporation Member) is proud to announce that M&G Finanziaria (Italy) has chosen the German manufacturer to supply the equipment needed for a complete PET pelletizing plant. Not only will Automatik deliver a number of its production proven underwater SPHERO® pelletizing systems but also corresponding melt pumps, screen changers and the company's highly innovative direct crystallization CC-PET® process.

Located in Corpus Christi, Texas, the new operation is designed for a capacity of 1 million tons per year and as a consequence will be the largest PET production site ever built. Commissioning is expected to commence by the end of 2015.The M&G Group is among the world's three largest producers of PET resin for packaging applications, and the second largest in the Americas. The company expects that the project will both consolidate and strengthen its dominant position.

Maag Automatik is particularly pleased that the M&G group has decided to further cement the existing, successful relationship between the two market leaders and selected Automatik as partner for this challenging and pioneering project. This once in a decade order underlines once more the unrivalled leadership of Maag Automatik in the supply of PET pelletizing systems.

To learn more about Maag, please go to www.maag.com. For more information on Pump Solutions Group (PSG®), visit www.psgdover.com.

Contact:  Chris Laurent
ChrisLaurent@maag.com or +41 44 278 8349

About Maag and Automatik Plastics Machinery:
Maag is the worldwide leading manufacturer of gear pumps, pelletizing systems, and filtration systems for demanding applications in the plastics, chemical, petrochemical, and food industries. Maag develops, manufactures, and distributes innovative, customized solutions for complete pump and pelletizing systems – with the expertise based on its long-term industrial tradition since 1910.

Automatik Plastics Machinery has been manufacturing innovative pelletizing systems of the highest quality for several decades. It is the world leader in underwater strand pelletizing systems. That leadership position is founded on state-of-the-art technology and on comprehensive know-how in all pelletizing techniques and pellet forms. The company's longstanding tradition in development, production and global sales and distribution is complemented by comprehensive advice and service backup. Automatik Plastics Machinery is a subsidiary of Maag.

The whole company employs more than 500 staff at its headquarters in Switzerland and its production sites and sales offices in Germany, France, Italy, Singapore, Taiwan, Malaysia, China, Brazil, and the USA and is represented in the markets with its brands "Maag Pump Systems", "Automatik Pelletizing Systems", and "Maag Filtration Systems". Maag,a Dover Corporation Company (NYSE:DOV), is a part of the Pump Solutions Group, itself a business unit of Dover Engineered Systems.

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