Material Impex is one of the Mongolia’s largest 100 companies and is the largest supplier of building materials in Mongolia. The company was founded in 1957 as a “Technical Assistance Base” and was privatized in 1999. Today the company has over 100 employees and it is one of the leading companies in Mongolia. Last year, Material Impex celebrated its 50th anniversary.

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Material Impex builds residential houses and apartment, manufactures building materials and operates international freight forwarding service through its fast and reliable “one-stop service.” The company expanded its transactions worldwide and through import and export activities it has developed strong partnerships with many countries around the world such as China, Russia, Hong Kong, Poland, Australia, Germany, and Brazil, among others.

Its main international activities include import of high-quality building products and accessories from business partners in Russia, China, Korea, Germany, Italy, and Poland. Moreover, it imports food products such as sugar, flour, and rice from Singapore , Russia , Germany , China , Finland , Poland , Great Britain , Belgium , Thailand , Brazil , Australia , Korea , Malaysia , Singapore , India , Holland and Guatemala.

Material Impex JSC established its daughter company “Material Impex Construction Co., Ltd” which specializes in construction of public apartments, houses and also all kind of interior and exterior decoration works. It produces foundational blocks, concrete and mixture, tiles, decoration lights, various plastic articles and iron works, wooden and iron furniture pieces. The company has a factory to produce colored and non-colored boards, ashes blocks, and iron products.

As to the Mongolian Governmental Program to build 40,000 apartments for the people in Ulaanbaatar, Material Impex is contributing with the construction of 1,500 apartments in the city. The General plan of Residential Estate is approved and the construction started in September of 2007.

The company has been selling public shares since December 17, 1993 with the initial price of 100 MNT per 1 unit of stock open to public.

Ticker symbol-          MIE
Stock Code-              379
Total issues -           1 368 206

Market capitalization- 2 325 950 200 MNT (as of July 2008)

Source: www.materialimpex.com 

             www.mse.mn