Mongolia Gobi Joint-Stock Wool Products Company (Gobi&Nbsp; JSC) Will Invest In New Equipment To Increase Production.

The European bank for reconstruction and development (EBRD) is providing $5 million in new loans to Gobi JSC, a clothing company in Mongolia, as part of fundraising for the company's modern equipment plan, which will enhance the group. product Quality, at the same time, will also improve the company's production capacity.

The proceeds from the financing of the European bank for reconstruction and development will be used. purchase New equipment in the fields of spinning, knitting, joining, weaving and finishing.

Founded in 1981, Gobi is a complete processing enterprise. Its business ranges from primary processing to the manufacture of cashmere and camel hair knitted garments and woven products. The majority shareholder of Gobi is Mongolia Tavan Bogd group and HS Japan Securities Group. The next door company is listed on Mongolia stock exchange.

Since the beginning of business in Mongolia in early 2006, Europe The bank has been committed to investing in 41 projects in Mongolia's private sector through debt and equity investments, which range from bank to manufacturing, from mining agribusiness to more than $465 million.