Home / Knowledge / News / Textiles / $800,000 credit supports expansion of local cashmere producer
$800,000 credit supports expansion of local cashmere producer
Jul '09
The EBRD is enhancing the competitiveness of the Mongolian cashmere sector with an $800,000 loan to Ezio Foradori, a locally-owned niche cashmere production company in the capital Ulaanbaatar.

Ezio Fordaori produces high quality cashmere jumpers, skirts, scarves and other fashion garments, which are supplied to luxury brands abroad. 98% per cent of company's production is exported to Europe, America and Japan.

The EBRD funds will finance Ezio Foradori's investments to expand production and modernise its manufacturing plant. The proceeds of the loan will be used to purchase spinning and dying equipment and additional knitting machines.

Cashmere sector is one of the key industries in Mongolia, which is the largest cashmere supplier in the world, accounting for 30% of the global production. Due to specific climate conditions Mongolian cashmere is considered to have special features in terms of fineness, lightness, warmth and softness, which provides the country with a unique and relatively scarce quality raw material base.

The Bank's support will help Ezio Foradori to increase production volumes, diversify its product range and improve the quality of produced garments. This will enable the company to further build up its capacity and to pursue its strategy to enter the high value Western markets under its own brand name.

“The EBRD is pleased to support Ezio Foradori, a successful cashmere producer, in its drive to improve its business operations by capitalising on the uniqueness of Mongolian cashmere. With the Bank's support, Ezio Foradori will be able to introduce new products, benefiting international clients through bigger choice and higher quality clothes and accessories, which will enable the Mongolian cashmere producers differentiate its brand in the world arena by developing skill set and design capabilities of local staff,” said Olivier Descamps, EBRD Business Group Director, during a signing ceremony.

“We are happy that the EBRD chose to support our small company and our unique operations, and are confident that this collaboration will help Ezio Foradori become even a more successful company”, stated Erdene Enkhsaikhan, General Director of Ezio Foradori.

The EBRD loan is provided through the Bank's Early Transition Countries Initiative of which Mongolia is a member.

Since the beginning of its operations in Mongolia in 2006, the EBRD has committed more than €110 million to the local economy.

European Bank for Reconstruction and Development

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search