Millennium Group International Holdings Expands Global Footprint with Official Launch of Vietnam Manufacturing Facility
Rhea-AI Summary
Millennium Group International Holdings (NASDAQ:MGIH), a paper-based packaging solutions provider, has officially launched its new manufacturing facility in Hung Yen Province, Vietnam. The state-of-the-art facility, which completed trial runs in January 2025, is equipped with advanced machinery for producing color boxes and packaging for sports products, electronics, toys, and consumer goods.
The facility features an intelligent water and power monitoring system and represents a strategic expansion following the company's IPO in April 2023. According to Chairman Matthew Lai and CEO Ray Lai, this expansion enhances production capacity, improves supply chain efficiency, and strengthens MGIH's ability to serve both domestic and international customers.
Positive
- Strategic expansion into Vietnam enhances global production capacity
- Advanced manufacturing facility with cutting-edge machinery improves production efficiency
- Implementation of intelligent water and power monitoring system demonstrates environmental commitment
- Geographic diversification strengthens supply chain resilience
Negative
- Significant capital investment required for new facility
- Potential operational risks in new geographic market
News Market Reaction
On the day this news was published, MGIH gained 2.36%, reflecting a moderate positive market reaction. This price movement added approximately $428K to the company's valuation, bringing the market cap to $19M at that time.
Data tracked by StockTitan Argus on the day of publication.
New Facility Increases Production Capacity and Strengthens Global Supply Chain
HONG KONG, July 28, 2025 (GLOBE NEWSWIRE) -- Millennium Group International Holdings Limited (Nasdaq: MGIH) (the "Company" or "Millennium"), a well-established supplier of paper-based packaging solutions, announced the official commencement of operations at its new state-of-the-art manufacturing facility in Vietnam. Following a successful trial run in January 2025, this milestone reinforces Millennium’s commitment to global expansion and aligns with its strategic roadmap outlined in the Company’s initial public offering in April 2023.
Strategically located in Hung Yen Province, Vietnam, the new facility is equipped with cutting-edge machinery to manufacture high-quality color boxes and packaging for sports products, electronics, toys and fast-moving consumer goods. This new factory enhances Millennium’s ability to meet global demand while maintaining its high-yield offset printing standards and improving production efficiency.
The Vietnam facility also integrates an intelligent water and power monitoring system to track resource usage in real time, underscoring Millennium’s strong commitment to sustainability and environmental responsibility.
“With years of experience providing supply chain solutions in Vietnam, establishing a production facility locally allows us to better serve domestic and international customers,” said Matthew Lai, Chairman of Millennium. “With the growing demand for high-quality, sustainable packaging solutions, we will continue to accelerate our global expansion and deepen our commitment to environmental and social responsibility while generating improved shareholder value.”
“We are thrilled to officially launch our Vietnam facility, marking another important milestone in achieving our long-term strategic vision,” said Ray Lai, Chief Executive Officer of Millennium. “This investment strengthens our production capacity, fosters new collaborations, and provides greater flexibility and efficiency to support our growth and better serve our customers worldwide.”
The investment in the Vietnam facility makes a pivotal step in optimizing Millennium’s global supply chain. By strategically diversifying its production capabilities, the Company enhances product accessibility for customers worldwide, further solidifying its position as a trusted global partner in the packaging industry.
About Millennium Group International Holdings Limited
Founded in 1978, Millennium Group is a long-established paper-based packaging solutions supplier committed to providing creative and sustainable packaging solutions to worldwide brands. The Company manufactures packaging products and corrugated products, and provides packaging products supply chain management solutions for a wide range of industries. Headquartered in Hong Kong with operations in the PRC and Vietnam, the company adopts a one-stop integrated service approach, aiming to cover customers' entire value chain. Its products are sold across the PRC, Hong Kong, Vietnam, Southeast Asian countries, Australia, the United States, and key European markets. For more information, please visit the Company's website: https://www.millennium-gp.com/
Media Contact
Millennium Group
Email: ir@millennium-gp.com
Lambert by LLYC
Jackson Lin
Phone: +1-646-717-4593
Email: jian.lin@llyc.global
Source: Millennium Group
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