Masood Textile Mills
| Type | Public |
|---|---|
| PSX: MSOT | |
| Industry | Textile |
| Founded | 1984 |
| Headquarters | Faisalabad, Pakistan, |
Key people | Kohistan Group |
| Products | Textiles (Knitwear) |
Number of employees | 24,000 |
| Parent | Shandong Ruyi Technology Group |
| Website | masoodtextile |
Masood Textile Mills (MTM) (Urdu: مسعود ٹیکسٹائل ملز) is a Pakistani textile manufacturing company based in Faisalabad.[1] It operates as an enterprise with facilities for spinning (yarn), knitting, fabric dyeing, processing, laundry, and apparel manufacturing. MTM specializes in a diverse range of textile and apparel products, including knitwear, sportswear, sleepwear, denim apparel, special yarns, knitwear fabric, and items designed for special applications. It is publicly listed on the Pakistan Stock Exchange.
History
Masood Textile Mills was founded in 1984. In 2014 it posted a pre-tax profit of Rs 1.1 billion, which was 13% higher than its pre-tax earnings in the preceding year. Shanghai Challenge Textile Company acquired 24.3% shares in Masood Textile Mills in a privately negotiated deal.[2][3] It later acquired 52% stake of the company.[4] They are the official partners.
It used to be the largest knit-wear manufacturer and exporter in Pakistan before 2020.[5]
Governance Body
Their governance body have seven directors in which two from their partner Shanghai Challenge Textile.
References
- ^ Iqbal Qureshi, Zafar (June 26, 2005). "Performance Challenges at Masood Textile Mills". Asian Case Research Journal. 09 (01): 61–81. doi:10.1142/S0218927505000587 – via CrossRef.
- ^ "Foreign interest: Chinese company acquires 24.3% of Masood Textile Mills". The Express Tribune. December 15, 2014.
- ^ "Chinese investors show interest to invest in textile sector of Pakistan".
- ^ Staff (13 December 2013). "Chinese giant takes control of Pakistan's Masood Textile". www.knittingindustry.com.
- ^ "Buy-out: Chinese firm to acquire Masood Textile Mills". The Express Tribune. January 13, 2014.
Notes
Ahmad, Mansoor (August 6, 2024). "Changing Bangladesh situation worries Pakistani investors in textile sector". www.thenews.com.pk.