Masood Textile Mills

Masood Textile Mills
Public
Traded as MSOT:KAR
Industry Textile
Headquarters Faisalabad, Pakistan
Key people
 Mr. Shahid Nazir (CEO)
Products Textiles (Knitwear)
Revenue Increase PKR 27 billion [1]
Increase PKR 1.1 billion
Number of employees
 23000
Website www.masoodtextile.com/index.php

Masood Textile Mills (MTM) 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.[2][3]

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.[4][5]

References

  1. ↑ Financial Report
  2. ↑ Buy-out: Chinese firm to acquire Masood Textile Mills
  3. ↑ Chinese firm takes up 24.36% stake in Rs19.3b Masood Textile Mills by purchasing 14.6m shares
  4. ↑ Foreign interest: Chinese company acquires 24.3% of Masood Textile Mills
  5. ↑ Chinese investors show interest to invest in textile sector of Pakistan
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