Cashmere growth now anchors Mongolia’s push to strengthen manufacturing and increase global market access. The government said cashmere growth supports stronger production, rising exports, and broader economic diversification across key sectors.
National leaders visited Cashmere Holding LLC’s Eveseg production plant to evaluate progress under the White Gold initiative. President Khurelsukh Ukhnaa and Minister Enkhbayar Jadamba toured the upgraded facility and met staff. They reviewed improvements that enhanced efficiency and expanded output capacity within the past year.
The company employs 750 workers and processes 500 tons of raw cashmere each year. It also produces 200 tons of yarn and manufactures large volumes of knitted, woven, and sewn products. Executives said these improvements created momentum for cashmere growth and strengthened long-term competitiveness.
Commercial banks provided concessional financing through the White Gold program. Managers used the loans to upgrade spinning, dehairing, and winding lines while expanding factory space. They also increased domestic raw material purchases to support herder incomes and stabilize supply chains.
Government interest support lowered financing costs and encouraged larger investments in production technology. As a result, Cashmere Holding LLC now exports finished goods to major markets including the United States, Germany, Russia, China, South Korea, the United Kingdom, Italy, and Japan. Officials said export gains demonstrated how cashmere growth benefits national revenue.
Industry data shows Mongolia can process more than 13,000 tons of combed cashmere each year. Domestic companies handle nearly 9,000 tons, while foreign-invested plants manage the remaining volume. Despite Mongolia’s 57.6 million livestock, processed animal products still represent less than three percent of total exports.
Cashmere remains vital for rural households because sales provide over 40 percent of herders’ annual income. Officials said stronger domestic processing will help Mongolia keep more value inside the country and reduce raw export dependence.
Analysts expect steady investment in equipment and workforce development as demand increases. They believe long-term growth will depend on stable supply chains, modernized plants, and resilient export strategies supporting Mongolia’s broader economic goals.
