Masood Textile Mills
Textile Company
From Wikipedia, the free encyclopedia
Masood Textile Mills (MTM) (Urdu: مسعود ٹیکسٹائل ملز) is a Pakistani textile manufacturing company based in Faisalabad.[1] It operates as a vertically integrated enterprise with facilities for spinning (yarn), knitting, fabric dyeing, processing, laundry, and apparel manufacturing. MTM specializes in a diverse range of textile and apparel products, including knitwear, sportswear, sleepwear, denim apparel, speciality yarns, knitwear fabric, and items designed for special applications. It is publicly listed on the Pakistan Stock Exchange.
History
Masood Textile Mills was founded in 1984. 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.[2][3] It later acquired 52% stake of the company.[4]
It used to be the largest knit-wear manufacturer and exporter in Pakistan before 2020.[5]
