MONGOLIA: Italian firms seek cashmere cooperation
Italian companies have expressed an interest in cooperating with Mongolia in manufacturing wool and cashmere products - including setting up a joint factory in Italy.
"Italians prefer the highest quality found in the Mongolian wool and cashmere products only," according to Armando Branchini, president of the European Cultural and Creative Industries Alliance (ECCIA) and head of the Italian-Mongolian business council.
"However, a lack of good management to manufacture and sell these kinds of product is taking down the industrial capacity of Mongolia."
During talks between the two countries in Mongolia last week, B Jargalsaihan, general director of Buyan cashmere company, requested that any such project should receive state support.
Mongolia is the second biggest producer of cashmere after China.
"Italians prefer the highest quality found in the Mongolian wool and cashmere products only," according to Armando Branchini, president of the European Cultural and Creative Industries Alliance (ECCIA) and head of the Italian-Mongolian business council.
"However, a lack of good management to manufacture and sell these kinds of product is taking down the industrial capacity of Mongolia."
During talks between the two countries in Mongolia last week, B Jargalsaihan, general director of Buyan cashmere company, requested that any such project should receive state support.
Mongolia is the second biggest producer of cashmere after China.
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