Mongol Savkhi was established in 1981 to produce leather wear and accessories. In 1992, the company was transformed into Joint Stock Company and listed issues on the Mongolian Stock Exchange. The company produces hides and skins from sheep, goats, cattle, horses and camels and produces various leather products such as shoes, and coats among other producers. Today, Mongol Savkhi exports its products to many European and Asian countries.

The Mongolian leather processing industry is directly dependent on herders as well as the meat-processing industry for raw material resources. Since Mongolia’s transition from a centralized-planning economy to a free market economy in the last decade, there have been many changes in the leather production market. Since 2000, small and medium enterprises with various processing capacities have overtaken large producers and form the majority of production today. Nonetheless, Mongol Savkhi has survived as one of the main leather producers in the country.