Masood Textile Mills
Type | Public |
---|---|
MSOT | |
Industry | Textile |
Founded | 1984 |
Headquarters | Faisalabad, Pakistan |
Key people | Mr. Shahid Nazir (CEO) |
Products | Textiles (Knitwear) |
Revenue | PKR 30,842,160,000 US$248,727,096 |
Number of employees | 24,000 |
Website | www |
Masood Textile Mills (MTM) (مسعود ٹیکسٹائل ملز ) is a vertically-integrated textile manufacturing company based out of Faisalabad, Pakistan with in-house yarn, knitting, fabric dyeing, processing, laundry and apparel manufacturing facilities. MTM is publicly listed on the Pakistan Stock Exchange. It is currently the largest knit-wear manufacturer and exporter in Pakistan.[1][2]MTM is famous for employee friendly culture.
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. acquired 24.3% shares in Masood Textile Mills in a privately negotiated deal.[3][4]
References[]
- ^ Buy-out: Chinese firm to acquire Masood Textile Mills
- ^ Chinese firm takes up 24.36% stake in Rs19.3b Masood Textile Mills by purchasing 14.6m shares
- ^ Foreign interest: Chinese company acquires 24.3% of Masood Textile Mills
- ^ Chinese investors show interest to invest in textile sector of Pakistan
Categories:
- Companies listed on the Pakistan Stock Exchange
- Companies based in Faisalabad
- Textile companies of Pakistan
- Pakistani company stubs