Founded in 1982 and privatized in 1994, Eermel is on its way to becoming a strong competitor in the world market of quality cashmere and camel wool products. Today, it is the second largest manufacturer of Cashmire in Mongolia, after Gobi Cashmere Industry.

 

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Presently, Eermel has over 600 workers and has capacity of washing 500.0 tons and de-hairing 90.0 tons annually, making it highly efficient in key segments of Cashmire production. The company now has four production lines of textile, knitting, sewing and quilting, and produces more than 380 different types of end-products available for customers to purchase at prestige stores throughout Mongolia. The company exports dehaired cashmere to Switzerland, the People’s Republic of China, United Kingdom, Hong Kong, Italy, Japan and the USA, and exports knitted yarns to Japan, Italy, People’s Republic of China, United Kingdom and Mexico. Russia continues to be the largest recipient of Eermel Cashmire exports.

In addition to Cashmire, Eermel is Mongolian trading company that trades in coal, cobalt and copper and is also an importer of consumer goods to Mongolia. 50 percent of Eermel’s shares are owned by the everyday workers of the plant.

 

The company has been selling public shares since November 28, 1992 with the initial price of 100 MNT per 1 unit of stock.

Ticker symbol-         EER
Stock Code-             191
Total issues -           3 479 320

 

Market capitalization- 5 321 009 400 MNT (as of July 2008)

Sourse: www.eermel.com

            www.mse.mn