Standard Noos JSC plans to prepare 300 tons of wool in 2018

ZGM DAILY

2018-04-17 10:00 GMT+8

This year, Standart Noos JSC is planning to purchase 300 tons of wool from herders for preparation according to marketinfo. The company will have the necessary capacity after the completion of wool washing facility equipment installation and construction of a new warehouse.

In 2017, Standard Noos prepared 122 tons of wool from Bayankhongor aimag and supplied primary processed wool to Ulaanbaatar Khivs JSC. The company notified that financial issues and wool purchase of exchanges will have impact on its fulfillment of its current year plan. In 2014, the company's stock price was MNT780 and dropped to MNT500 in February.

67.3 percent of Standard Noos JSC is owned by a single shareholder, 32.7 percent is possessed by the public or 539 small shareholders. Primarily, the company was named Ariljaa Impex JSC and supplied materials and technicals in Bayankhongor aimag. In 2016, the company was renamed Standard Noos and changed its operation into wool preparation and washing.

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