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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.
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]
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.
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]
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).
N.Peal is a luxury British cashmere knitwear and accessories brand founded in London by Nat Peal in 1936. After the brand's decline and "substantial losses" through the 1990s and early 2000s, the original company ceased operations in 2006, and then-owner Chuck Feeney sold its component parts.
The name Mongolia means the "Land of the Mongols" in Latin. The Mongolian word "Mongol" (монгол) is of uncertain etymology.Sükhbataar (1992) and de la Vaissière (2021) proposed it being a derivation from Mugulü, the 4th-century founder of the Rouran Khaganate, [13] first attested as the 'Mungu', [14] (Chinese: 蒙兀, Modern Chinese Měngwù, Middle Chinese Muwngu), [15] a branch of ...