Ulaanbaatar
Industrial and technology park of glass and glass products to be established
Society
Ulaanbaatar /MONTSAME/ 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.
