Standart Noos JSC plans to prepare 300 tons of wool from herders this year. The company plans to install a fully equipped wool washing plant and build a new storage facility with a capacity of 1000 tons of wool. The company prepared 122 tons of wool from Bayankhongor aimag, made the primary processing and supplied it to ‘Ulaanbaatar Khivs’ company in 2017. According to the company, the solution of investment problems and wool purchase of buyers will affect the 2018 plan. The company’s shares rose to MNT 780 in 2014. In February, the exchange rate was around MNT 500.

67.8% of the company’s shares are held by one shareholder, and the rest 32.7% is owned by 539 minor shareholders. The company was originally engaged in the material-technical supply base in Bayankhongor aimag, called “Ariljaa Impex” JSC. In 2016 it changed its name to “Standart Noos” and started to operate in the wool processing and wool washing plant.

Source: BloombergTv.mn