December 12, 2011 on: business, General

Mongolian cashmere and garment group Gobi JSC is to invest in new equipment to improve the quality of its products and increase production capacity.

Established in 1981, Gobi is a fully integrated processor with capabilities ranging from primary processing to manufacturing of cashmere and camel wool knitwear and woven products. It is majority owned by the Tavan Bogd Group of Mongolia and by HS Securities of Japan and is listed on the Mongolian Stock Exchange. During the past two years Gobi has been restructured under new ownership and management following its privatisation. The project will enhance Gobi's competitiveness on both local and international markets. Cashmere processing is the second largest currency earner for the country after mining and is an important traditional sector where Mongolia can compete at an international level. Please note that this article has not been written, is not copyrighted and does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant for information only to readers and does not constitute a legal or biding agreement in any way, shape or form. For contact and comments directly relating to the above article, please refer to the source as stated below.

SOURCE OF THIS ARTICLE : Just-style

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