MZG shares of a recycled paper company listed on Upcom

As of the end of the morning session on November 12, the Upcm debut session of MZG shares recorded an increase of nearly 7%, reaching 12,700 VND/share.

On the morning of November 12, 2024, at the Hanoi Stock Exchange (HNX), a gong-beating ceremony was held to open the first trading session of Miza Joint Stock Company shares on the UPCoM floor. Miza's stock code is MZG, the reference price on the first day is VND 11,900/share, equivalent to a capitalization of VND 1,189 billion.

The company was established in 2010 with a charter capital of 10 billion VND. Since its establishment, the company has issued shares to increase its charter capital 8 times. Currently, the company has a charter capital of more than 999 billion VND.

Miza Joint Stock Company is one of the enterprises developing the paper recycling sector, operating 2 factories in Dong Anh, Hanoi and Nghi Son, Thanh Hoa with an annual recycling capacity of about 200 thousand tons of raw paper and collected carton packaging waste.

Currently, the Miza Nghi Son Packaging Paper Factory Phase 2 project invests in building the second packaging paper production line at Miza Nghi Son Company Limited with a capacity of 120,000 tons/year, helping to increase the total capacity of the paper production line at Miza Nghi Son to 240,000 tons/year is being implemented. The project is invested with the most modern technology today, choosing suitable equipment, synchronous production lines, automatic control and control to create high-quality packaging paper products, supplying the domestic market, replacing the amount of imported packaging paper every year.

At the same time, the Miza Nghi Son Packaging Paper Factory Phase 2 project will contribute to improving waste recycling capacity, contributing more to environmental protection, energy saving and forest resource protection.

Mr. Nguyen Tuan Minh, Chairman of the Board of Directors of Miza, said that recycled paper helps reduce waste and protect natural resources by limiting logging, minimizing the amount of paper discharged into the environment and saving water and energy, helping to minimize the negative impact of the paper industry on the environment, reducing greenhouse gas emissions and conserving forest resources. According to data published by the Vietnam Pulp and Paper Association: recycling 01 ton of used paper saves about: 38.84 liters of water, 17-24 trees not being cut down as raw materials for pulp production, 4,000 kWh of electricity and 605 liters of crude oil.

By recycling old paper into valuable paper products, Miza not only minimizes environmental impact but also creates economic value from available resources, according to Mr. Minh.

Source: https://baodautu.vn/co-phieu-mzg-cua-cong-ty-chuyen-ve-giay-tai-che-chao-san-upcom-d229803.html