Mongolyn Alt MAK LLC recently hosted a significant gathering under the banner of its "MAK Building Materials" initiative, unveiling a host of ambitious projects that promise to redefine the landscape of construction material manufacturing. The event brought together key industry players, from major associations to top experts and professionals, all converging to chart the future of Mongolia’s industrial and construction sectors.
This initiative is part of a broader plan to establish a comprehensive "Industrial Park for Building Materials," which will include a diverse range of facilities: a state-of-the-art concrete plant, a 3D printing studio, and production lines for engineered stone panels and gypsum boards, as well as new factories for glass and plastic products. Further enhancing its portfolio, MAK is set to launch several new projects. These include both portable and stationary concrete batching plants, facilities for producing plastic pallets and steel frames, and plants for manufacturing advanced ventilating ducts and a new line of windows and doors. The announcement was accompanied by the unveiling of a dynamic rebranding effort aimed at refreshing the visual identity and market presence of its various building material brands.
During the recent MAK Building Materials event, the company highlighted its strategic initiatives to enhance customer accessibility and solve transportation issues, operationalizing three strategically placed sales centers across Ulaanbaatar: MAK East, MAK West, and MAK Central. Further expansion is on the horizon with plans to open additional centers in Darkhan and Tsogtsetsii.
Since its foray into the sector in 2012, MAK has leveraged Mongolia’s rich deposits of minerals and raw materials to produce high-quality construction materials. The company has established seven factories that adhere to European and Japanese standards, manufacturing products such as blocks, cement, windows, doors, ventilation ducts, plastic pallets, and various types of concrete and lime. These facilities not only provide import substitutions but also bolster the local market with robust products.
From the inception of its manufacturing operations, MAK has effectively retained over $260 million within the Mongolian economy, mitigating the outflow of foreign currency and creating upwards of 1,200 jobs. Looking ahead, the company is committed to integrating international ESG standards, transitioning its equipment to electric power, and investing in renewable energy projects to fulfill its energy requirements sustainably.
For an in-depth look at the insights and discussions presented during the MAKBM Event 2024, please click here.