Millennium Group International Holdings Limited's Comment on Supply Chain
The company sources raw materials primarily consisting of paper for the production of paper-based inner and outer packaging products, including packaging and corrugated products. It operates two production facilities located in Guangdong Province, China, and Vietnam, with combined annual maximum production capacity of approximately 300 million units. The company’s operations encompass market research on raw materials pricing and conditions, research and development on raw materials applications and printing technologies, packaging design, raw materials procurement, color management, print production, quality control, and delivery logistics. Its key operating subsidiary, Millennium Shenzhen, is recognized as a High-tech enterprise and benefits from a preferential tax rate. Additionally, the company manages a supply chain business in Vietnam to serve global clients sourcing packaging from Vietnam and other ASEAN countries.
Millennium Group International Holdings Limited's Comment on Supply Chain
The company sources raw materials primarily consisting of paper for the production of paper-based inner and outer packaging products, including packaging and corrugated products. It operates two production facilities located in Guangdong Province, China, and Vietnam, with combined annual maximum production capacity of approximately 300 million units. The company’s operations encompass market research on raw materials pricing and conditions, research and development on raw materials applications and printing technologies, packaging design, raw materials procurement, color management, print production, quality control, and delivery logistics. Its key operating subsidiary, Millennium Shenzhen, is recognized as a High-tech enterprise and benefits from a preferential tax rate. Additionally, the company manages a supply chain business in Vietnam to serve global clients sourcing packaging from Vietnam and other ASEAN countries.
Sources:
Millennium Group International Holdings Limited's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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