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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.
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.
One of Mongolia's main exports is extremely soft wool, which is combed from the undercoat of goats that flourish in its plains, mountains, and forests. Other top exports include minerals like copper and gold. [7] In 2012, the mineral boom in Mongolia drove up the cost of Gobi's production. [8]
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).
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 Malo cashmere production technique originates in Mongolia. [4] The fleece is made into cashmere after spinning and dyeing in Italian workshops. The final weaving is performed with traditional hand-made frames and modern machinery. The company manufactures cashmere knitwear in its processing facilities in Florence and Piacenza. [4]
The Inner Mongolia cashmere goat is a local dual-purpose breed with a long history. It adapts well to desert and semidesert pastures. The goats can be divided into five strains, Alasan (Alashanzuoqi), Arbus, Erlangshan, Hanshan and Wuzhumuqin. The first three strains produce quality cashmere; the last two have been developed for high production.
China accounts for 70% of the world's cashmere production, Mongolia 20%, and the remaining 10% of production is in Afghanistan, Australia, India, Iran, Nepal, Pakistan, the United States, the Central Asian republics and elsewhere. Only a small percentage of this production is the ultra-fine cashmere known as pashmina. [19]