Masood_Textile_Mills

Masood Textile Mills

Masood Textile Mills

Textile Company

Masood Textile Mills (MTM) (مسعود ٹیکسٹائل ملز ) is a vertically-integrated textile manufacturing company based out of Faisalabad, Pakistan with in-house yarn, yarn, knitting, fabric dyeing, processing, laundry and apparel manufacturing facilities. MTM is publicly listed on the Pakistan Stock Exchange. It used to be the largest knit-wear manufacturer and exporter in Pakistan before 2020.[1][2]

Quick Facts Company type, Traded as ...


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.[3][4]



References

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


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