Mongolian equipment show planned

A new off-highway machinery exhibition is being launched in Mongolia in 2012 in response to the country's massive potential for development.
February 24, 2012 Read time: 2 mins
A new off-highway machinery exhibition is being launched in Mongolia in 2012 in response to the country's massive potential for development. The event is being run jointly by the German equipment manufacturing association (the 1331 VDMA) and exhibition firm VF Messe, in partnership with the Mongolian and German governments. The event will be run from May 16th-19th 2012 in the Mongolian capital Ulaanbaatar. With economic growth of 6.1% last year, Mongolia is regarded as one of the key developing countries. Prior to the financial crisis, from 2004 to 2008, the average figure was even above 9%. Last year the gross domestic product generated by the population of just around 3.1 million people in a country of almost 1,600,000m2, which ranks 10th largest in the world in terms of surface area, was US$11 billion. The highland region mainly consisting of desert is rich in mineral deposits such as coal, copper, crude oil, gold, diamonds and silver. Some time ago, in the south of the Gobi desert, coal and copper deposits were discovered, some of the largest in the world. According to Klaus Stöckmann, who is responsible for the fair at the 1331 VDMA, "Future Mongolia is aimed at supporting the country in its rapid development." The fair will be held at the Buyant Ukhaa sport complex located in the immediate vicinity of the capital's airport.

For more information on companies in this article

Related Content

  • Increasing importance of alternate truck routes
    February 14, 2012
    The fabled Silk Route from China to Europe takes many forms, and is again becoming increasingly important as Patrick Smithreports The ancient Silk Road was never a single caravan route, but covered hundreds of kilometres in width extending in length for around 10,000km. This is the view of the European International Road Transport Union (IRU), and many other countries and organisations, who point out that it is a system of routes covering many countries via a series of branch roads that dates back some 2
    Read More
  • Volvo CE articulated haulers in Missouri deep
    May 24, 2013
    In southeast of US state Missouri, Volvo Construction Equipment articulated haulers are working in the mines of the Viburnum Trend, an area well known for its rich offering of valuable mineral deposits, including zinc, copper and lead. At 64km long by an average of 152m wide – and in some parts as thick as 30.5m deep – the Viburnum Trend, known locally as the Lead Belt, is one of the most significant bodies of ore in the world. Before mining operations began, the Trend was estimated to contain mineral resou
    Read More
  • Worldwide machine sales growing
    July 18, 2012
    Steady growth in machine sales reflects global demand for construction equipment - Mike Woof reports Keynote speakers at the UK’s Construction Equipment Association (CEA) recent annual general meeting revealed steady demand for new machines worldwide. Although Europe’s economy remains troubled, worldwide machine sales are strong and exports are providing huge turnover for manufacturers. Colin Timms of Off-Highway Research said that global equipment sales last peaked in 2007 at $98 billion, falling to $55 b
    Read More
  • Wacker Neuson record slight revenue drop in Q1 2013
    May 22, 2013
    The Wacker Neuson Group reported a slight drop in revenue and earnings for the first quarter of 2013 compared to the same three months of last year. The German construction equipment manufacturer says that a weak European economy was one of the main factors that dampened demand for light and compact construction equipment in Q1 2013. In addition, the Group’s strong performance in first quarter of 2012 is said to have resulted in an above-average baseline for comparison. At US$331.26 million (€257.1mn), Grou
    Read More

Highlighted Content