Ulaanbaatar,
April 9, 2026 /MONTSAME/. President Khurelsukh Ukhnaa visited “Mogol Wool” LLC
to see its operations as part of the “White Gold” program.
Since 1995, the
company has been operating in wool and cashmere processing in Tuv aimag. To date, the
company has commissioned facilities with an annual capacity to wash 5,000 tonnes
of raw wool and cashmere, comb 150-200 tonnes, produce 150-300 tons of yarn,
and manufacture 30,000-50,000 sewn products. Using its spun yarn, it now
collaborates with other factories in a cluster model to produce woven and
knitted products.
The company’s
director, Erdenebat Ch., said that with an MNT 11.3 billion concessional loan received
through the program, the company has upgraded equipment and expanded capacity,
and created new jobs. In 2025, it installed 10-14 types of new machinery in its
spinning and sewing facilities.
Company executives
and industry representatives noted that the “White Gold” program has significantly
contributed to the development of wool, cashmere, leather, and light
industries, as well as the improvement of herders’ livelihoods.
They emphasized the need to continue the program,
support businesses through government procurement, invest in engineering and
technological education, and train skilled workers.
As part of the “White Gold” program, loans
totaling MNT 508 billion were provided to 103 enterprises in wool, cashmere,
and leather processing.
As a result, cashmere spinning capacity increased by
400 tonnes to reach 20,000 tonnes, while exports of combed cashmere rose to USD
330 million—4.7 times higher than in 2024. Wool yarn production capacity also expanded
significantly, alongside increases in knitting, weaving, and finishing
capabilities.
This year, concessional loans worth MNT 350
billion will be distributed through the nine commercial banks, according to the
Office of the President of Mongolia.
