The Taij Group of Mongolia and Buriatiamyasoprom of Russia have signed a memorandum of cooperation to build a canned food factory in Mongolia and to export meat products to Russia. The Deputy Head of Taij Group, B.Biniye, has said businessmen from the two countries discussed ways of increasing the volume of export of meat products and of wool and cashmere at a meeting held during President Ts. Elbegdorj’s visit to Russia.

Group Head B.Ganpurev said the proposed factory would help the economy of Mongolia grow. Construction is slated to start in June and should be finished next year. It would have a daily capacity of 50 tons of meat.