Ulaanbaatar
Khukh Tsav Cement Plant to begin operation
Economy
Ulaanbaatar /MONTSAME/ The opening ceremony of Mongolyn Alt Corporation’s (MAK) Khukh Tsav Cement Plant is taking place today, on June 9. The cement plant, which was planned to start operating in the first quarter of 2017, is capable of processing 1 million tons of cement per annum. Located in Dalanjargalan soum of Dornogobi aimag, Khukh Tsav Cement Plant was established with a total investment of USD 331 million.
The cement plant is capable of occupying 30-40 percent of the total domestic cement market. Mongolyn Alt Corporation informed that the cement plant is providing 700 new workplaces. Including Khukh Tsav Cement Plant, 8 cement plants are operating in Mongolia. The other seven plants have a capacity of processing 4.3 million tons of cement per annum.
In addition, “Munkhiin Bayan Gal” LLC’s cement plant, which has been operating for 2 years with Chinese investment, is competing with domestic manufacturers. The plant is also capable of processing 1 million tons of cement per annum. However, the plant only processed around 100 thousand tons of cement last year. The company is expected to produce 300 thousand tons of cement this year.
Furthermore, two other cement plants are being built in Bayan-Ulgii aimag. The Ministry of Mining and Heavy Industry previously informed that the construction process was at 40-80 percent. And “Hermes Tsakhiur” LLC’s cement plant received their license to construct a plant, but the construction hasn’t started yet.
The cement plant is capable of occupying 30-40 percent of the total domestic cement market. Mongolyn Alt Corporation informed that the cement plant is providing 700 new workplaces. Including Khukh Tsav Cement Plant, 8 cement plants are operating in Mongolia. The other seven plants have a capacity of processing 4.3 million tons of cement per annum.
In addition, “Munkhiin Bayan Gal” LLC’s cement plant, which has been operating for 2 years with Chinese investment, is competing with domestic manufacturers. The plant is also capable of processing 1 million tons of cement per annum. However, the plant only processed around 100 thousand tons of cement last year. The company is expected to produce 300 thousand tons of cement this year.
Furthermore, two other cement plants are being built in Bayan-Ulgii aimag. The Ministry of Mining and Heavy Industry previously informed that the construction process was at 40-80 percent. And “Hermes Tsakhiur” LLC’s cement plant received their license to construct a plant, but the construction hasn’t started yet.
B.Tugsbilig
