In 2017, approximately 20 construction factories started operations, a decrease by half compared to the two previous years.
The Director of the Building Material Manufacturer’s Association O. Lkhagvajav stated that building material producers and construction companies have had a difficult year due to lower investments in the construction sector and the reduced numbers of mortgage loans. Most factories commissioned since 2014 are small-middle sized enterprises, and 75 percent of them operate in Ulaanbaatar.
In 2013, Mongolia imported 88 percent of its building materials. Now it is possible to supply 70 percent of building materials from the domestic market. The National Statistical Office reported that in the first quarter of 2018, cement production reached 70.4 thousand tons, a three-fold increase compared to the same period in 2017.
But chalk production has decreased three-times over, and iron concrete production reduced by 50 percent in the same period.
In 2017, approximately 20 construction factories started operations, a decrease by half compared to the two previous years.
The Director of the Building Material Manufacturer’s Association O. Lkhagvajav stated that building material producers and construction companies have had a difficult year due to lower investments in the construction sector and the reduced numbers of mortgage loans. Most factories commissioned since 2014 are small-middle sized enterprises, and 75 percent of them operate in Ulaanbaatar.
In 2013, Mongolia imported 88 percent of its building materials. Now it is possible to supply 70 percent of building materials from the domestic market. The National Statistical Office reported that in the first quarter of 2018, cement production reached 70.4 thousand tons, a three-fold increase compared to the same period in 2017.
But chalk production has decreased three-times over, and iron concrete production reduced by 50 percent in the same period.