Millennium Group International Holdings Expands Global Footprint with Official Launch of Vietnam Manufacturing Facility
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.
Millennium Group International Holdings (NASDAQ:MGIH), fornitore di soluzioni di imballaggio in carta, ha inaugurato ufficialmente il suo nuovo stabilimento produttivo nella provincia di Hung Yen, Vietnam. La struttura all'avanguardia, che ha completato le prove di produzione a gennaio 2025, è dotata di macchinari avanzati per la realizzazione di scatole colorate e imballaggi per prodotti sportivi, elettronica, giocattoli e beni di consumo.
Lo stabilimento dispone di un sistema intelligente per il monitoraggio dell'acqua e dell'energia e rappresenta un'espansione strategica a seguito dell'IPO dell'azienda nell'aprile 2023. Secondo il Presidente Matthew Lai e il CEO Ray Lai, questa crescita aumenta la capacità produttiva, migliora l'efficienza della catena di approvvigionamento e rafforza la capacità di MGIH di servire clienti sia nazionali che internazionali.
Millennium Group International Holdings (NASDAQ:MGIH), proveedor de soluciones de embalaje en papel, ha inaugurado oficialmente su nueva planta de fabricación en la provincia de Hung Yen, Vietnam. La instalación de última generación, que completó las pruebas en enero de 2025, está equipada con maquinaria avanzada para producir cajas de colores y embalajes para productos deportivos, electrónicos, juguetes y bienes de consumo.
La planta cuenta con un sistema inteligente de monitoreo de agua y energía, y representa una expansión estratégica tras la salida a bolsa de la compañía en abril de 2023. Según el Presidente Matthew Lai y el CEO Ray Lai, esta expansión aumenta la capacidad de producción, mejora la eficiencia de la cadena de suministro y fortalece la capacidad de MGIH para atender a clientes tanto nacionales como internacionales.
Millennium Group International Holdings (NASDAQ:MGIH)는 종이 기반 포장 솔루션 제공업체로서 베트남 훈옌성에 새로운 제조 시설을 공식적으로 개설했습니다. 2025년 1월 시운전을 완료한 이 최첨단 시설은 스포츠 제품, 전자제품, 장난감 및 소비재용 컬러 박스와 포장재를 생산하는 첨단 기계로 장비되어 있습니다.
이 시설은 지능형 수자원 및 전력 모니터링 시스템을 갖추고 있으며, 2023년 4월 회사의 IPO 이후 전략적인 확장으로 평가됩니다. 회장 매튜 라이와 CEO 레이 라이에 따르면 이번 확장은 생산 능력을 강화하고 공급망 효율성을 향상시키며 MGIH가 국내외 고객에게 서비스를 제공하는 역량을 높입니다.
Millennium Group International Holdings (NASDAQ:MGIH), fournisseur de solutions d'emballage en papier, a officiellement inauguré sa nouvelle usine de fabrication dans la province de Hung Yen, au Vietnam. Cette installation ultramoderne, qui a achevé ses essais en janvier 2025, est équipée de machines avancées pour la production de boîtes colorées et d'emballages destinés aux produits sportifs, électroniques, jouets et biens de consommation.
L'usine dispose d'un système intelligent de surveillance de l'eau et de l'énergie et représente une expansion stratégique suite à l'introduction en bourse de la société en avril 2023. Selon le Président Matthew Lai et le PDG Ray Lai, cette expansion augmente la capacité de production, améliore l'efficacité de la chaîne d'approvisionnement et renforce la capacité de MGIH à servir ses clients tant nationaux qu'internationaux.
Millennium Group International Holdings (NASDAQ:MGIH), ein Anbieter von papierbasierten Verpackungslösungen, hat offiziell seine neue Produktionsstätte in der Provinz Hung Yen, Vietnam, eröffnet. Die hochmoderne Anlage, die im Januar 2025 Testläufe abgeschlossen hat, ist mit fortschrittlichen Maschinen zur Herstellung von Farbverpackungen für Sportartikel, Elektronik, Spielzeug und Konsumgüter ausgestattet.
Die Anlage verfügt über ein intelligentes Wasser- und Energiemonitoringsystem und stellt eine strategische Erweiterung nach dem Börsengang des Unternehmens im April 2023 dar. Laut Vorsitzendem Matthew Lai und CEO Ray Lai erhöht diese Erweiterung die Produktionskapazität, verbessert die Effizienz der Lieferkette und stärkt die Fähigkeit von MGIH, sowohl nationale als auch internationale Kunden zu bedienen.
- 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
- Significant capital investment required for new facility
- Potential operational risks in new geographic market
Insights
MGIH's Vietnam facility expands production capacity, diversifies operations geographically, and strengthens their global supply chain positioning.
Millennium's official launch of their Vietnam manufacturing facility represents a strategic expansion of their production footprint beyond their traditional base. This geographic diversification serves multiple strategic objectives for the paper packaging supplier. The facility in Hung Yen Province specifically targets production of color boxes and packaging for sports products, electronics, toys, and consumer goods—suggesting MGIH is positioning to capitalize on Vietnam's growing manufacturing ecosystem across these sectors.
The timing is particularly notable as this facility moves from trial operations (January 2025) to full operations now, representing approximately 2.5 years from their April 2023 IPO to implementation—a reasonably efficient timeline for establishing international manufacturing operations. The strategic location likely provides several advantages: proximity to growing Asian markets, potential labor cost benefits, and risk mitigation through geographic diversification of manufacturing assets.
From an operational perspective, the inclusion of an intelligent water and power monitoring system indicates the company is integrating sustainability metrics into their expansion strategy. This suggests MGIH recognizes the increasing importance of resource efficiency both for operational cost management and meeting evolving customer expectations regarding environmental responsibility.
The facility's implementation represents execution on their stated IPO roadmap, demonstrating management's ability to deliver on strategic commitments. This expansion strengthens MGIH's competitive positioning by enhancing production flexibility, potentially reducing lead times for regional customers, and creating redundancy in their production network—all critical factors in today's complex global supply chains.
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
FAQ
When did MGIH's Vietnam manufacturing facility begin operations?
What products will MGIH manufacture at its Vietnam facility?
Where is MGIH's new manufacturing facility located?
What sustainability features does MGIH's Vietnam facility include?
How does the Vietnam facility align with MGIH's strategic goals?
