TAVAN BOGD GROUP’S AFFILIATE AND SUBSIDARY COMPANIES PLACE IN TOP SPOTS IN NATIONAL RANKINGS
In the 2017 annual ranking of “TOP-1OO” business entities in the country by the government of Mongolia and the Mongolian National Chamber of Commerce and Industry, 5 of Tavan Bogd Group’s subsidiary and affiliate companies were included and won awards. The Group’s affiliates and subsidiaries had the following results: our affiliate, the leader in the financial industry of Mongolia, Khan Bank placed at 3rd, while the GOBI JSC, also an affiliate and one of the biggest 5 manufacturers of cashmere products in the world, placed at 18th, the Support Services Mongolia (SSM), a joint-venture of the Group and also one of the largest integrated logistics and catering companies in the country, placed at 46th, the Tavan Bogd LLC, a subsidiary and the official distributor of the world-famous Toyota Corporation, placed at 55th and the Ulaanbaatar Flour LLC, also a subsidiary and a dominant player in the flour production industry of Mongolia, placed at 84th in this year’s rankings.
The ranking takes specific considerations such annual sales revenues, total company assets and profits, number of employees and taxes paid to the government into consideration. Placing high in this year’s rankings, this marks Tavan Bogd Group and its affiliated and subsidiary companies’ 16-year-long consecutive ranking in the TOP-100 business entities of Mongolia.
This illustrates the immense contributions the Tavan Bogd Group makes towards Mongolia’s economic and social development as well as its important role as a trusted partner and service provider to its customers.
Thankful for the conferral and acknowledgement, the Tavan Bogd Group will strive to continue to operate successfully and further to contribute to the nation’s future development.