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With a market capitalization of US$36.11 million, this 45-year-old Indian company successfully went

2023-06-02 16:42710

On April 4, 2023, Millennium Group International Holdings Limited (hereinafter referred to as Millennium Group)   , a comprehensive paper packaging solution provider from Hong Kong , was successfully listed on NASDAQ in the United States, stock code for "MGIH".



  01


  Introduction to Xitu Group


  Founded in 1978, Xitu Group is headquartered in Hong Kong and currently operates two production bases in Guangdong Province. As a comprehensive paper packaging solution provider with a long history, Xitu Group mainly produces packaging products and corrugated paper products, and provides packaging product supply chain management solutions for the whole industry. The business integration includes market research, research and development, packaging design and development , raw material procurement, color management, product testing, quality control and delivery services, including the entire industrial chain.


  Xitu Group combines different printing solutions with other value-added services to form a one-stop comprehensive service, aiming to cover the entire value chain of paper inner and outer packaging, and provide customers with overall packaging solutions to To meet the customized needs of customers, the products are sold to countries and regions such as China, Vietnam, Myanmar, Australia, Indonesia, Cambodia, Thailand, the United States, India and Germany .



  Looking back at the development history of Xitu Group:


  In the early days of its establishment, the Hong Kong factory of Xitu Group mainly produced corrugated paper materials.


  After the reform and opening up, Xitu Group set up factories in Shenzhen in 1986 and 1995 respectively, and began to develop corrugated cardboard and cartons and other outer packaging businesses, and later merged into the current Jardine Paper (Shenzhen) Co., Ltd.


  After entering the 21st century, Xitu Group has focused on the color printing and inner packaging market, and established Xitu Printing (Shenzhen) Co., Ltd. in 2002.


  At present, Xitu Group's main business is paper packaging and board game products. The paper packaging business includes printing and manufacturing of cartons, color boxes, card boxes, pit boxes, display boxes, manuals and other products.


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