Kristec Oy is a family business from Kirkkonummi and specialises in the sales of paper and cardboard products in Asia and Eastern Europe. In Mongolia, the company’s subsidiary Finpack manufactures packaging.
The early years of the plant in the capital Ulan Bator were not easy. It was impossible to find employees in Mongolia who had training or previous experience in package manufacture. All workers were trained by Finnish experts with Finnpartnerhip’s Business Partnership Support.
Excellent leadership is the cornerstone of Finpack’s business. There is one Finn in the management of the company and the rest of the management consists of Mongolians.
Finpack manufactures, for example, paper bags, shopping bags and pizza boxes for fast food restaurants, as well as packages for medicine, coffee, tea and cigarettes. In addition to package manufacture, Finpack is the largest paper wholesaler in Mongolia.
The company’s customers in Mongolia are mainly small and medium-sized businesses. Finpack’s toughest competition consists of Chinese companies. The main asset of Finpack is the capability to make also high-quality small batches with a quick delivery schedule. The packages are always made out of Finnish paper and cardboard.
Over the last few years, the Mongolian economy has boomed, especially due to the growing mining industry. For the present, there is only a handful of Finnish companies operating in Mongolia. One of these is Outotec, which has provided the country with equipment for the mining industry, and another one is Honkarakenne, which has sold log houses there.
There is an agency Fingate in Mongolia to promote import and export. Together with Finpro, it offers its services for Finnish entrepreneurs who are interested in the Mongolian market.