Business Council of Mongolia

Mr. Ben Turnbull, CEO, State Bank of Mongolia, provided a “State Bank, an Introduction”on BCM Monthly Meeting, April 26, 2010.

Mr. George Tumur, Managing Director, Hunnu Coal provided a “Brief overview of Hunnu Coal’s IPO on the Australian Stock Exchange (ASX)” on BCM Monthly Meeting, March 22, 2010.

Sales of Coca-Cola products in Mongolia rise 16 times in 6 years.

A US $22 million green field Coca-Cola bottling plant was officially opened in Ulaanbaatar on August 24 by Muhtar Kent, President and CEO of The Coca-Cola Company, and Odjargal Jambaljamts, Chairman & CEO, MCS Group. This new plant will be larger than the one now in use, which was built in 2001 by MCS Coca-Cola, the exclusive bottler of Coca-Cola products in the market.

"I'm delighted to see MCS Coca-Cola continue to exceed all projections in sales volume and profit," said Mr. Kent. "By posting an average annual volume growth of nearly 50% year on year, the Mongolian business has established itself as one of the strongest performing operations globally. I am also delighted to see that the leadership of MCS Coca-Cola has continuously demonstrated its commitment to invest in the development of its people and manufacturing facilities, critical to ensure continued future growth of the Coca-Cola business in Mongolia."