MAK Building Materials Factories retained nearly USD 500 million in foreign currency within the domestic economy

Mongolyn Alt (MAK) LLC continues to consolidate its leading position in Mongolia’s building materials industry through the consistent implementation of its medium- and long-term development strategy. This strategy is focused on strengthening domestic manufacturing capacity and enhancing the overall competitiveness of the construction and infrastructure sectors.

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

Today, under the unified MAK Building Materials brand, the company produces and supplies more than 20 types of products to the domestic market. These include European-standard cement, blocks, windows and doors, ventilation ducts, industrial lime, plastic pallets, and ready-mix concrete manufactured in compliance with Japanese Industrial Standards (JIS).

Notably, MAK Euro Block, which commands over 70% of the domestic market, and MAK Euro Cement, with a market share exceeding 40%, have together prevented approximately USD 520 million in foreign currency outflows since the start of their operations, effectively retaining this value 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. These sites offer favorable transport and logistics conditions, secure raw material reserves, and a competitive business environment. As part of this expansion, the company will progressively establish new high value-added building materials plants, including facilities for steel structures, engineered stone panels, and fiber cement boards.

Upon full commissioning of these industrial complexes, MAK will operate a total of 17 building materials factories with the capacity to manufacture up to 50 different products. Through this expansion, the company aims to make a substantial contribution to advancing Mongolia’s building materials industry to a new level of technological sophistication, quality, and productivity.