MAK Building Materials Operations Retain Nearly USD 500 Million in Domestic Foreign Exchange

Mongolyn Alt (MAK) LLC continues to strengthen its leading position in Mongolia’s building materials industry by systematically implementing its medium- and long-term development strategy, with a strong focus on supporting domestic manufacturing and enhancing the competitiveness of the construction and infrastructure sector.

Domestic production is a cornerstone of sustainable economic growth. In this context, MAK has emerged as one of Mongolia’s leading building materials manufacturers, playing a pivotal role in accelerating industrial development and reducing import dependency.

At present, MAK produces and supplies more than 20 types of building materials to the domestic market under its unified MAK Building Materials brand. These include European-standard cement, blocks, windows, doors, ventilation ducts, technological lime, plastic pallets, as well as ready-mixed concrete manufactured in accordance with Japanese Industrial Standards (JIS), ensuring stable supply and consistent quality for the national construction sector.

In particular, MAK Euro Block, which accounts for over 70 percent of the domestic block market, and MAK Euro Cement, holding more than 40 percent of the cement market, have collectively prevented approximately USD 520 million in outbound foreign currency flows since their commissioning. This achievement reflects MAK’s substantial contribution to import substitution and foreign exchange retention within the national economy.

Looking ahead, MAK plans to further expand its manufacturing footprint by developing large-scale, future-oriented industrial complexes at two strategically selected locations offering favorable logistics conditions, secure raw material reserves, and a supportive business environment. As part of these developments, MAK will gradually establish new high value-added production facilities, including steel structures, engineered stone panels, and fiber cement boards.

Once fully operational, these planned industrial complexes will increase MAK’s total number of building materials factories to 17, with production capacity expanded to 50 product categories. Through these investments, MAK aims to elevate Mongolia’s building materials industry to a new level of technological advancement, quality, and productivity, while making a tangible contribution to the country’s long-term industrial and economic development.