The story
Mongolian first vodka distillery opened in 1924 in Ulaanbaatar, Mongolia with 14 staff members after the regulation ‘The State Treasury is approved to oversee exclusive right of alcohol production' was approved. Later in 1927, with the assistance of Czech experts, the first national brewery began its production with Borgio brand beer.
With the start of free market economy in 1992, the former state-owned company became the first of the many Mongolian industrial entities to be privatized and publicly listed on the Mongolian Stock Exchange (MSE: APU). A full privatization came in 2001, enabling a significant amount of manufacturing modernization and a steady increase of production capacities. The company began introducing premium vodka and mainstream beverages including beers, carbonated drinks, and bottled waters.
In 2014, a dairy production facility was established, thereafter APU Dairy LLC was founded on September 22, 2017.
In the two decades since privatization, the company achieved 2 trillion MNT market cap with over 12,000 shareholders as of the Q4 of 2021.
From Wikipedia’s article on APU Company, shared under CC BY-SA 4.0.3