The stock of Mucinno Holding, Inc. (OTCPink: MCNO) rose significantly as it recorded an increase of 27.22% to $0.0687 at the previous close. MCNO stock had a weekly performance of 22.68% compared to its monthly performance of 37.40%. As a result of being invited to a business platform encouraging sustainable and accelerated growth strategies, MNCO stock surged.
Where has MNCO been invited to participate?
Mucinno Holding is a mining company specializing in the extraction and transportation of aggregates. Two silica sand mines are owned by MCNO, and transport equipment is used to supply its customers. As MCNO grows, it will offer more services to its clients and its raw material will be used to create more finished items.
In an accelerator program through CEMEX, Mucinno Holding was invited to have its activities adhere to the Global Compact, along with 50 other companies. In addition to accelerating the integration of strategies and aligning the Sustainable Development Goals with the business’ goals, the MCNO platform will help other participating firms establish challenging business goals.
Building materials company CEMEX provides high quality products and reliable service to customers throughout North America, Europe, Africa, the Middle East, Asia, and Latin America. More than 50 countries are served by the firm in terms of cement, ready-mix concrete, aggregates, and related building materials sales and distribution, as well as 102 countries with which it maintains trade relationships. The company generates revenues of 13 billion dollars each year.
In the SDGS, MNCO will be provided with instructions and guidance on how to achieve each of the stated objectives and strategies for 5 months with CEMEX. The Global Compact will present the results in one year and continue to develop sustainable practices as part of the Global Compact.
From their all kinds of providers, CEMEX chose 50 businesses with the capability of making positive changes in the industry. MNCO, a supplier and client of CEMEX, was selected among thousands of companies and clients to be included in a group of 50 small and medium-sized enterprises (SMEs) to be coached in how to manage their businesses in accordance with Sustainable Development Goals (SDGS).
Mucinno Holding has recently signed a contract renewal with ASF-K for 3 years. Silica sand molds are used in the casting processes of railway parts, and this contract includes collecting and transporting those molds, as well as selling and distributing the collected material. This contract has an annual turnover of 1,500,000 dollars and a total collection of 690,000 tons of silica sand. The collection service of MNCO increased by 30% in 2021, a figure that is expected to grow due to government initiatives related to the railway industry, such as Mayan Train.
In what ways has MNCO been able to benefit?
MCNO and ASF-K are located in Sahagun City, next to Bombardier Transportation (BDRBF). The Mayan Train project with Alstom-Bombardier is valued at 1.8 billion dollars, according to a July 9, 2021 contract signed by President Lopez Obrador. There has been an increase in service demand for railway related companies in Sahagun City, such as ASF-K, Greenbrier, and MCNO.