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Masood Textile Mills
From Wikipedia - Reading time: 4 min
 | |
| Company type | Public |
|---|---|
| PSX: MSOT | |
| Industry | Textile |
| Founded | 1984 |
| Headquarters | Faisalabad, Pakistan |
| Products | Textiles (Knitwear) |
Number of employees | 24,000 |
| Website | masoodtextile |
Masood Textile Mills (MTM) (Urdu: مسعود ٹیکسٹائل ملز) is a Pakistani textile manufacturing company based in Faisalabad.[1] It has yarn, yarn, knitting, fabric dyeing, processing, laundry and apparel manufacturing facilities. It is publicly listed on the Pakistan Stock Exchange.
History
[edit]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] It used to be the largest knit-wear manufacturer and exporter in Pakistan before 2020.[5][6]
References
[edit]- ^ 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.
- ^ "Chinese firm takes up 24.36% stake in Rs19.3b Masood Textile Mills by purchasing 14.6m shares". December 16, 2014.
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