Masood Textile Mills
| Company type | Public |
|---|---|
| PSX: MSOT | |
| Industry | Textile |
| Founded | 1984 |
| Headquarters | Faisalabad, Pakistan |
Key people | Mr. Nazir (CEO/owner) |
| Products | Textiles (Knitwear) |
| Revenue |  PKR 55,542,140,000
US$323,127,096 |
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, 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]
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
- ^ 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
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