Gan Khiits is planning to increase sales income and earn MNT 2.1 billion in 2018. The company produced 240 tons of metal products and earned MNT 1.6 billion in 2017. The company is planning to build a plant that produces steel railroad tie concrete pillow sleepers, high voltage pillars and sandwich panels in Nalaikh district this year. The project requires a total of MNT 32 billion investment and the company planned MNT 11 billion for the first batch of plants. The factory is capable of producing 3000 reinforced concrete pillars and 300-350 thousand steel tie concrete pillows per year. Gan Khiits JSC is searching for the possibility of raising funds in the capital market to finance plant equipment and projects. Although the company had losses in 2017, the Board of Directors decided to distribute a total of MNT 24.2 million or MNT 100 per share dividends for its shareholders.

Source: BloombergTv.mn