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Industrial and technology park of glass and glass products to be established www.montsame.mn
At the Cabinet’s regular meeting on August 4, ‘Erdesplasm’ LLC has been granted a five-year license to operate an industrial and technology park for the production of glass and glass products. Some ministers were instructed to provide professional and methodological support in developing the park's infrastructure using environmentally friendly and advanced technologies.
Mongolia imports 100 percent of its glass and glass products, of which China accounts for about 80 percent. According to data from 2020, 21 types of products worth USD 55 million are imported to meet the demand of domestic factories.
- When the park starts operating at full capacity, it will manufacture products substituting more than USD 50 million worth of imports a year.
- The glass packaging factory that will open first will have a daily output of 68.8 tons.
- 30 percent of glass waste of Ulaanbaatar will be recycled.
The park to be established in Bagakhangai district of the capital city will have a total of three industrial zones and it is estimated that the glass packaging factory will annually earn MNT 48 billion in sales, contribute MNT 10 billion in taxes to state and local budgets, and create over 380 jobs.
Published Date:2021-08-05
