The FINANCIAL - More furniture and appliances for Mongolia: US$ 4.4 million to Kitchenall: "The growing Mongolian middle class is eager to invest in comfortable homes; residential construction is on the rise, and the sales of Kitchenall kitchen cabinets grew by one fifth in 2012. The EBRD loan will finance a major expansion of the company’s manufacturing capacity, including a new and modern production facility, warehouse and office space.
New automated equipment will also allow the company to make a wider range of furniture. The company’s plan is to expand into the production of children’s furniture, bedroom sets and office furniture that will be more standardised – and therefore more affordable."
'via Blog this'
