Masood Textile Mills

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.[1][2]MTM is famous for employee friendly culture.

Masood Textile Mills
Public
Traded asMSOT
IndustryTextile
Founded1984
HeadquartersFaisalabad, Pakistan
Key people
Mr. Shahid Nazir (CEO)
ProductsTextiles (Knitwear)
RevenuePKR 30,842,160,000 US$248,727,096
Number of employees
24,000
Websitewww.masoodtextile.com

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


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