Masood Textile Mills
| 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) (Template:Lang-ur) is a Pakistani vertically-integrated textile manufacturing company based in Faisalabad.[1] It has yarn, yarn, knitting, fabric dyeing, processing, laundry and apparel manufacturing facilities. MTM 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 used to be the largest knit-wear manufacturer and exporter in Pakistan before 2020.[4][5]
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.
- ^ Correspondent, Our (December 15, 2014). "Foreign interest: Chinese company acquires 24.3% of Masood Textile Mills". The Express Tribune.
{{cite web}}:|last=has generic name (help) - ^ "Chinese investors show interest to invest in textile sector of Pakistan |CCFGroup". www.ccfgroup.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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