Western region wool processing plant to be built in Zavkhan aimag
Economy | AgricultureZavkhan /MONTSAME/ The Western region wool processing plant
will be established in Aldarkhaan soum of Zavkhan aimag with MNT 20.1 billion
financing.
The project’s feasibility study has recently been completed,
project coordinating company has been set up, and 30 percent of the funding
necessary for the operation of the project implementation unit has been
secured. Also, processing plant equipment has been purchased and an agreement
has been concluded with the local pasture users' association. Sales agreements
have been concluded with foreign customers and the design phase of the project
is underway, according to the project unit.
The facility will have a yearly processing capacity of 3.5
thousand tons and is expected to increase incomes of 41.5 thousand herder
families in the western region, including 8.9 thousand in Zavkhan aimag, by sourcing raw materials worth MNT 2.3 billion from them every year.
The wool processing plant with an expected annual net
profit of MNT 17.1 billion will contribute around MNT 700 million to the local
and state budgets every year in addition to creating 353 new jobs.
.