New cement plant in Mongolia

Byjirong

Updated Thu, 10 Sep 2015 16:41:10 GMT

A new cement plant with a difference has started production in Mongolia. The Senj Sant plant was opened on 13 August and is situated in Dornogovi province, 450 km from Ulaanbaatar. This is the first dry process greenfield plant to be built in Mongolia and uses the latest in energy saving technologies, currently used by only 10% of similar facilities in the EU. There is also provision for a waste heat recovery power plant, which will help save energy and water in this arid region.

One of the unique features of the plant is its gender action plan. Most of the plant’s directors are women and it will be overseen by Munkhnasan Narmandakh, the female CEO of Monpolymet Group, the plant’s parent company, which has an all-female board of directors. There will also be plenty of employment opportunities for women. The plant will eventually employ 500 people in the Gobi region.

The plant was co-financed by the ERBD, which provided funding of US$85 million in the form of a US$20 million equity investment and a US$65 million loan. The Development Bank of Mongolia also lent US$65 million, while the remaining US$80 million was funded by the Monpolymet Group.

The EBRD’s senior banker in charge of the project, Azjargal Ulziitogtokh, attended the opening ceremony on behalf of the Bank and said: “This project will be a major step towards establishing domestic cement supply and substituting for imports. It is also important for the country’s economic diversification.”

“The EBRD is proud to highlight that the project meets EU requirements and will be using best available technology. Personally, as a Mongolian female professional, I am also very pleased to say that the company has a gender action plan to ensure equal opportunities, which goes beyond industry standards, not only in Mongolia but in the whole region where the EBRD works.”