Mongolia: Mongol Basalt produced 2248t of stone wool insulation in 2024, which it says helped Mongolians to reduce their energy consumption by 78GW. Nonetheless, the producer’s sales fell by 20%, amid a 35% drop in its prices.
During 2023, Mongol Basalt commenced construction of a new production line at its Ulaanbaatar insulation plant. The UB Post newspaper has reported that the company expects the upgrade to double its capacity to 50,000t/yr, and to introduce new energy-efficient solutions.
