Mongolian cashmere group Gobi JSC to upgrade: "Mongolian cashmere and garment group Gobi JSC is to invest in new equipment to improve the quality of its products and increase production capacity.
The modernisation programme is being funded with a US$5m loan from the European Bank for Reconstruction and Development (EBRD). The financing will be used to purchase new machinery for spinning, knitting, linking, weaving and finishing.
Established in 1981, Gobi is a fully integrated processor with capabilities ranging from primary processing to manufacturing of cashmere and camel wool knitwear and woven products. It is majority owned by the Tavan Bogd Group of Mongolia and by HS "
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