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2007 – FCI LLC bought the remaining shares from the state and made Gobi JSC into a fully private company. [3] 2008 – GOBI Cashmere Factory Store opened its door as the flagship of stores. [7] [3] 2010 - Print technology was introduced in Mongolian cashmere industry. [19] 2011 - The production capacity has been doubled.
Tavan Bogd Group (Mongolian: Таван Богд групп) is a Mongolian conglomerate with 19 subsidiaries and 2 affiliates in operates across eight diverse sectors that include cashmere production, automobile and mining equipment trading, food production, financial services, international trade, tourism, property development, IT, and healthcare.
Erdos Group (also Inner Mongolia Erdos Group Co., Ltd.) [1] is a Chinese conglomerate with interests in cashmere, energy, and metallurgy. [2]In 2024, The Erdos Group, ranked 51st in China's 500 Most Valuable Brands 2024 list with a brand value of 180.97 billion RMB (US$24.83 billion).
The luxury wool is prized for its durability and warmth, but growing demand is taking a toll on the environment and jeopardizing traditional ways of life.
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Another important industry is the production of cashmere. Mongolia is the world's second largest producer of cashmere, with the main company, Gobi Cashmere, accounting for 21% of world cashmere production as of 2006. [25] Total export in 2019 was US$7.6 billion. [26]
The Mongolian Cashmere Wide-Rib Cropped Mockneck Sweater from Quince is crafted from 100% Grade-A Mongolian cashmere, known for its softness and durability. The style has subtle dropped shoulders ...
Cashmere is a hygroscopic fiber, absorbing and releasing water from the air based on the surrounding environment. This helps regulate the body in both warm and cool temperatures. [1] A number of countries produce cashmere and have improved processing techniques over the years, but China and Mongolia are two of the leading producers as of 2019.