Түүхэн замнал

1999

  • “Just” LLC was founded In February.
  • Subsidiary company named “Just Oil” was established to import and distribute oil products.
  • Subsidiary company named “Aj Trade” was established to run domestic and foreign trade.
  • The Certificate of “Reliable Tax Payer” was awarded for the first time by the General Department of National Taxation.

2000

  • "JUST" LLC entered into the Agriculture Industry through the establishment of JUST AGRO business division to supply meat and meat products at the domestic market and to export meat and meat products to the Russian Federation. 
  • The title of “Reliable Tax Payer” was awarded by the General Department of National Taxation. .

2001

  • "Just" LLC was ranked by the Mongolian Government and Mongolian National Chamber of Commerce and Industry (MNCCI) in the 21st place at the annual award “Top – 100 Entrepreneurs of the Year”.

2002

  • The title of “Reliable Tax Payer” was awarded by the General Department of National Taxation. 
  • Foot and Mouth Disease (FMD) outbreak with resulting embargo on JUST AGRO’s meat production, storage and sales put considerable financial constraint on the Group. 
  • Recognition as one of the “Top – 100 Entrepreneurs of the Year”.

2003

  • The subsidiary “Makh Market” LLC was established in order to meet the need for a meat slaughtering and packaging plant equipped with the latest technology that could combine in one cycle meat preparation, storage, processing and sales. Such integrated system was crucial to the company’s further development and success. 
  • “Just” LLC entered into the Mining Industry through the establishment of Just mining division in charge of exploration and processing of fluorspar as well as the marketing of the commodity into overseas markets. 
  • The Group successfully managed the financial constraints created by the meat production and sales embargo and created again the conditions for stable and consistent operations. 
  • Recognition as one of the “Top – 100 Entrepreneurs of the Year”.

2004

  • Just mining division developed its activities in exploration, and processing of fluorspar by establishing a subsidiary company “Aj tana”. 
  • Start of activities in the construction Industry via the establishment of a subsidiary “Erd tana” in charge of construction works as well as related import activities. 
  • Just agro division expanded further its activities by dividing the business into two distinct subsidiaries: “Agro eco” LLC conducting intensive pig breeding activities and “Erd shur” LLC in charge of livestock procurement and foreign trade. 
  • “Makh Market” LLC opened its retail stores in Ulaanbaatar city and started exporting horse meat to Japan. 
  • The Certificate of “Reliable Tax Payer” was awarded for the second time by the General Department of National Taxation. 
  • Recognition as one of the “Top – 100 Entrepreneurs of the Year”.

2005

  • Just agro division started to export lamb and mutton to Saudi Arabia and became one of the top five meat exporting companies in the country. 
  • “Makh Market” LLC of Just Agro division was awarded with “Golden Gerege” by the Mongolian Government and the Mongolian Employers’ Federation. 
  • Annual sales of Just oil division reached 33 thousand tonnes. By that time the division operated 2 oil storage tank farms, 1 oil depot and 19 gas stations throughout Ulaanbaatar city and 9 provinces of the country. 
  • Recognition as one of the “Top – 100 Entrepreneurs of the Year” was awarded for the fifth time.

2006

  • “Just” LLC became “Just Group” LLC and implemented fundamental changes in its management and structure. 
  • “Just Oil” LLC became a separate subsidiary company. 
  • Annual sales of Just Oil reached 75 thousand tonnes. Besides 2 oil storage tank farms and 1 oil depot, the number of gas stations increased to 30 covering 14 provinces of the country. 
  • “Just Group” LLC established Just logistics division and invested in “Intertrans service” LLC to operate in the field of international freight, logistics services and foreign trade. 
  • Annual sales of “Just Group” LLC reached 78 million USD and won “Silver Tree” prize of “The Best Tax Payer of The Year” of the Municipal Tax Office thanks to tax payments totaling 5.2 million USD. 
  • Won the title of “The Best 10 Entrepreneurs of The Year” at “Entrepreneur-2006” event, organized by the Mongolian Government and Mongolian National Chamber of Commerce and Industry. 
  • “Just Group” LLC was ranked 11th at the annual award event, “Top – 100 Entrepreneurs of the Year” granted by the Mongolian Government and MNCCI

2007

  • Discontinued its non-priority businesses of fodder production, intensive livestock farming and fluorspar exploration and mining; and merged “Cornjet”, “Erd shur”, “Aj shur” and “Aj tana” operating companies into the group.
  • “Meat Market” LLC became 100% Just group and has been integrated into a newly established Just Agro division.
  • Just Agro division implemented a country-wide revolutionary new cattle trading system buying cattle directly from the herders without intermediation of middlemen leaving more profit with herders through its 6 meat processing plants in provinces.
  • Just Oil division greatly expanded its oil product distribution market segment in Ulaanbaatar, and became one of the leading companies in the Mongolian oil products sector owning 36 petrol stations and 4 oil storage tank farms following successful acquisition of “Altjin” LLC’s oil products retail business.
  • The annual sales of Just group passed the 100 million USD benchmark  
  • Has been rewarded the title of “The Top Entrepreneur with Good Corporate Governance” by MNCCI 
  • For the seventh time has been listed as one of the “Top-100 Entrepreneurs of The Year” and in 10th place.

2008

  • Acknowledgement was received from the Mongolian Government for a valuable contribution in creating new jobs in the market. 
  • Just group made a major equity investment into an Australian owned company “Yalumba” LLC which operates in mining and transport. 
  • Just Agro division expanded its business by putting two new meat slaughtering and packaging plants into utilization: “Dornod Makh Market” plant in Choibalsan town and “Khuvsgul Makh Market” plant in Murun town. 
  • Just Oil division increased the capacity of its oil depots in Ulaanbaatar city and modernized its gas stations to meet international standards.
  • The annual sales of Just group passed the 200 million USD benchmark. 
  • “Just group” LLC was ranked 6th at the annual award event, “Top – 100 Entrepreneurs of the Year” organized by the Mongolian Government and Mongolian National Chamber of Commerce and Industry.

2009

  • “National Productivity 2008” Award named after President of Mongolia was granted. 
  • A 10 year anniversary of Just Group was celebrated. 
  • In April 2009, Just Group took control over the management of Savings Bank having a management agreement with an option to become owner of the bank at a later stage. 
  • In June 2009, Just Agro successfully completed the acquisition of “Dorniin gobi” LLC which was considered as being a leading company in the meat market at the time. The company became an owner of 10 meat slaughtering and packaging plants and took the lead in the Mongolian meat industry and market. 
  • In October 2009, Just Group acquired Mongol Post Bank via Savings Bank and started to implement structural changes. Such merger was an important milestone in the effort to mitigate public reluctance and uncertainty towards the banks following the financial crises. This merger was also instrumental in increasing the competition amongst commercial banks and was a major facot in the recovery of the banking sector. 
  • Just Group took a leading role in the management of Olon Ovoot gold project. 
  • Just Group decided to close down several operations and terminated the cooperation in logistics and contract mining businesses.   

2010 

  • Operational restructuring of Mongol Post Bank and Savings Bank was successfully completed by 4 April 2010. 
  • In April 2010, Just Group exersiced its option and became 100% shareholder of Savings Bank following the completion of the acquisition process of Savings Bank from the Russian company “Coalco Group”, closing the process that started a year earlier in April 2009. 
  • “Just” LLC was ranked 5th at the annual award event, “Top – 100 Entrepreneurs of the Year” organized by the Mongolian Government and MNCCI. 
  • Savings Bank was chosen as the “Best bank” in the “Top 5” banks selection, organized annually by the Mongolian Government and MNCCI, and granted ”Diamond” certificate of MNCCI membership. 
  • Renovation, automation and construction work at “Just Oil” LLC’s depot located in Ulaanbaatar city was completed, and for this renovation work Just group entered into a cooperation with Honeywell, a USA company. The renovated tankfarm has been succesfully commissioned by The State Commission. 
  • Operations starting in the new meat slaughtering and packaging plant in Uvurkhangai province marked another expansion of the group's slaughterhouses network that now includes 11 units.