EBRD BACKS EXPANSION OF MONGOLIA CASHMERE KNITWEAR COMPANY
December 1st, 2011
BY KEITH NUTHALL
INNOVATIVE Mongolian knitwear firm Gobi JSC is to receive a US dollars USD 5 million loan from the European Bank for Reconstruction & Development (EBRD) to help finance an equipment modernisation programme. The aim, said the London-based EBRD is to "improve the quality of the group's products and increase its production capacity", with the loan financing the purchase of new equipment for knitting, linking, and finishing of cashmere and camel wool knitwear products. This summer saw the 30th anniversary of Gobi, which started ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.