100 kinds of factories to open in all regions www.montsame.mn
Ulaanbaatar /MONTSAME/ The Government of Mongolia, regardless of the current economic difficulties, is to maintain consistency of the “21:100” program on building new factories. This means that factories of 100 kinds of heavy and light production for substituting imports will be built in all 21 provinces of Mongolia.
Studies have been conducted for the factories, and their results will be discussed by the cabinet for approval, reports the Minister of Food, Agriculture and Light Industry.
Within this program, a major national manufacturer APU Company has set a goal to increase investment for dairy production in 2017. APU has constituted 21.4 percent of the milk market in 2016, and has been exporting its products to Russia, South Korea, and Hong Kong, China.
As for heavy industry, the Government has named four major projects, including a oil processing plant in Sainshand and Ferrous Complex in Darkhan-Selenge region.
A bid has been announced for companies that are interested in preparing the feasibility study and consulting for the oil processing plant project. Four India-based companies have taken parts in the bid, two of them were selected. The final results will come out by April 15.
The feasibility study of the Ferrous Complex of Darkhan –Selenge region is projected to complete within July.
Another heavy industry project on coal gasification plant is expecting a complete feasibility study in the near future. The coal gasification plant project is funded by World Bank.
The Government has set to forward a project on copper concentrate plant.
Published Date:2017-03-24