"Reports Center of Mucinno Holding, Inc."
MEXICO CITY, MEXICO / ACCESSWIRE / October 27, 2021 / Mucinno Holding, Inc. (OTC PINK:MCNO)
We are pleased to announce our results for the third quarter of 2021.
Please find them on our OTC Page:
Please find our Q3 presentation on our OTC: page: https://s3.amazonaws.com/content.otcmarkets.com/media/195515983/etOITwDtlnerzpG/doc.pdf
Mucinno Holding, Inc.email@example.com
Mexico City, Mexico - (Acceswire - September 28, 2021) - Mucinno Holding, Inc. (OTC PINK: MCNO)
Mucinno Holding is pleased to announce that it has signed the contract renewal with ASF-K for 3 years. The contract covers the collection and transportation service of silica sand molds used in the casting processes of railway parts, as well as the use of the collected material for sale and distribution. The turnover of this contract is $ 1,500,000 dollars, and a total collection of 690,000 silica sand tons. In 2021 we have had a 30% increase on the collection service, a figure that is highly expected to grow due to governmental projects related to the railway industry such as Mayan Train.
Mucinno Holding and ASF-K are located aside Bombardier Transportation (BDRBF), in Sahagun City. On June 9, 2021, President López Obrador signed a contract worth 1.8 billion dollars for the acquisition and construction of wagons for the Mayan Train with Alstom-Bombardier. This has impacted the railway related companies located in Sahagun City such as ASF-K, Greenbrier, and Mucinno Holding with an increase of service demand.
The center mine of Mucinno Holding collects all its sand from foundry molds used for the manufacture of railway wheels, produced by ASF-K. The silica sand foundry molds are set through a screening and cleaning process to obtain good quality recycled silica sand. We sell and transport the recycled raw material to our clients for their cement plants.
“The construction of the Mayan Train has and will continue to impact the community in a very positive way. We are pleased to be part of this project from our business branch” Stated Edgar Mucino, CEO of Mucinno Holding.
About ASF-K de México
ASF-K de México S. de R.L. de C.V. is dedicated to the manufacture of high quality and heavy-duty castings mainly for the Railroad industry, with a presence in 10 countries through the Amsted Rail Company.
To learn more about Amsted Rail visit: www.amstedrail.com
Alstom is a French corporation focused on the business of electricity generation and the manufacture of railway equipment such as: wagons and signage, luxury passenger boats, naval vessels, and natural gas tankers. It has sales of 13.7 billion euros and presence in 70 countries.
To learn more about Alstom visit: www.alstom.com
About Mucinno Holding, Inc.
Mucinno Holding is a group focused on mining activities that specializes on the extraction and transport of aggregates. It owns two silica sand mines and transport equipment to supply its consumers. The company aims to expand by offering more services to their clients and innovate creating finished goods made from their own raw material.
To learn more about Mucinno Holding, Inc. visit: www.mcno.com.mx
This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company's news releases and/or its filings with the OTC Bulletin Board or as a result of other factors.
Mucinno Holding, Inc.firstname.lastname@example.org
First of all, we want to thank you for the patience you have had. In this introductory statement we seek to share the current situation and the future that we have planned with our different projects.
In PMV we are currently operating two own silica sand mines, located in the center and in the southeast of Mexico, from these points we supply to our clients dedicated to the cement industry, and we integrate our product into their production chain which they use as raw material to produce cement. Our service ranges from the exploitation, selection of materials, storage and transport with our own equipment. Our vehicle fleet started in 2021 with 6 units and as of today it is made up of a total of 25 units, with the need to continue with new acquisitions thanks to current and future market demand. In addition to supplying silica sand, we also offer to our clients: freight services, transporting their aggregates and forming circuits to obtain a greater profitability.
Edgar Mucino Castillo, CEO of Mucinno Holding said, "We are pleased to have concluded the restructuring process of the company, alongside with the acquisition of the second mine that has set the company to grow at a steady pace. This has allowed the company to extend the fleet and the supply capacity to fulfill a growing demand."
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