Concrete mixture supplying agreement was establishedPosted on: 2015-02-24
"Concrete mixture supplying agreement" was made on November 05, 2014 between MEREX JSC (MSE:MRX) and "STANDARD PROPERTY GROUP" LLC which is selected as contractor for Re-planning of ger district of 1st and 2nd khoroo, Songinokhairkhan district of the city of Ulaanbaatar. According to this agreement, MEREX JSC shall supply 80,000 m3 concrete mixture in 4 year period to "Standard Property Group" LLC.
"Standard Property Group" LLC will construct apartments for 2,590 household, garage for 560 cars, parking lot for 600 cars, school for 1920 children, kindergarten for 570 children and commercial complexes; and construction site of first phase buildings are cleared and ready for construction.
Once the supply of contracted mixture starts, MEREX JSC operations will continue sustainably and the company's profitability is expected to increase.