Mongolian Economy and Finance

Trans. by B.DULGUUN

The FINANCIAL -- A newly opened dry process cement plant is set to boost Mongolia’s domestic supply of building materials at a time when the country is looking to stimulate new investment and construction.

Client Senj Sant, a subsidiary of Monpolymet Group.

Mongolia: Senj Sant is in the midst of constructing a new dry-process cement plant, which will be the first of its kind in Mongolia.

An agreement has been inked by the European Bank for Reconstruction and Development (EBRD) to loan Senj Sant US$65m for a new greenfield cement plant in southern Mongolia, about 450km from the capital Ulaanbaatar.

The European Bank for Reconstruction and Development (EBRD) announced that it will issue a long-term loan of 65 million USD for the construction of Moncement dry process cement plant in Mongolia.

The European Bank for Reconstruction and Development (EBRD) has signed a deal to loan Senj Sant US$65m for a new greenfield cement plant in southern Mongolia, about 450km from the capital Ulaanbaatar.

New production capacity in Mongolia’s cement industry is set to meet rising demand as advanced technology is replacing old equipment, moving towards self sufficiency in one of the key materials in the construction trade.

A new report from the Oxford Business Group suggests Mongolia’s cement industry is moving towards self-sufficiency.

MVO Nederland and various Dutch companies from the leather industry, including Stahl , have entered into a partnership to support tanneries in Mongolia with making their production process sustainable.

By Paulius Kuncinas Regional Editor, Oxford Business Group

Mongolian company Exclusive has signed a contract with Poland-Turkey joint venture Rubin to annually supply €3 million worth of apparel, mainly jackets.

Representatives of national industry called a press conference at Mongol News press agency about a huge investment in the textile industry, namely the establishment of a partnership contract.

The largest cement plant in Mongolia opened its doors in Khutul soum of Selenge Province on Wednesday, introducing dry-method greenfield processing which is easier on power consumption and the environment.

The still-youthful privately owned company dates back only to 1997.

Limoncello is known as an Italian yellow lemon liqueur.

APU operates a vodka factory with an annual capacity of 200,000 hectolitres of finished product, and has since 2008 been making pure alcohol from wheat in a greenfield distillery, up to 38 tons of it per day.

The still-youthful privately owned company dates back only to 1997.

Ulaanbaatar, Mongolia (January 23, 2014) – The APU Company, Mongolia’s first national beverage company since 1924, announces the arrival of Soyombo Vodka , produced, distilled, bottled and enjoyed by millions in its homeland.

An open discussion to introduce a draft bill on supporting industrialization was held at the Civil Hall of the President on Monday.