NEW CEMENT FACTORY TO AID MONGOLIA’S DEVELOPMENT
Foundations were laid on 13th July for a factory with the potential to produce one million tons of cement per year using the dry method. The factory is being built as an extension of Cement and gypsum factory in Khutul city. They hope the new technology (dry method) will increase the facility 4 and 5 times and decrease the product cost to buy by approximately 25%. This will help to hold then decrease the market price of building material.
“Basement” company is the investor of this extension work. General Manager of this project Ts.Jargal, “Basement” company’s executive director Enkhbayar, president of the Trade Development Bank Randolph Koppa, president of China’s Jiangsu Pengfei group Wan -main manufacturer of equipment and building material, leader of consultant company R.Ambrosi, governor of Selenge province S.Enkhtaivan and other employees of the factory participated in this event. General manager of the project said “The age of building and creation has started in Mongolia. Several cement factories have been built, so competition will increase. This production is the main measure of development. Thus, this work is a big contribution in the development of Mongolia.
The budget of the project is 100 million USD and we have ordered some equipment already”. Mr.Ambrosisaid “Using the dry method is not only increasing productivity, it will also decrease pollution. I believe we will succeed together”. President of the Trade Development Bank (TDB) Randolph Koppa added “ The Trade Development Bank is one of the old banks. We have been working with Khutul’s factory since TDBankwas founded. Cement is the main raw material to improve substructure, roads and buildings. We have cooperated only with this factory, now we can cooperate with the local people because we have opened a branch of our bank in Khutul city”
“Basement” company is the investor of this extension work. General Manager of this project Ts.Jargal, “Basement” company’s executive director Enkhbayar, president of the Trade Development Bank Randolph Koppa, president of China’s Jiangsu Pengfei group Wan -main manufacturer of equipment and building material, leader of consultant company R.Ambrosi, governor of Selenge province S.Enkhtaivan and other employees of the factory participated in this event. General manager of the project said “The age of building and creation has started in Mongolia. Several cement factories have been built, so competition will increase. This production is the main measure of development. Thus, this work is a big contribution in the development of Mongolia.
The budget of the project is 100 million USD and we have ordered some equipment already”. Mr.Ambrosisaid “Using the dry method is not only increasing productivity, it will also decrease pollution. I believe we will succeed together”. President of the Trade Development Bank (TDB) Randolph Koppa added “ The Trade Development Bank is one of the old banks. We have been working with Khutul’s factory since TDBankwas founded. Cement is the main raw material to improve substructure, roads and buildings. We have cooperated only with this factory, now we can cooperate with the local people because we have opened a branch of our bank in Khutul city”
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