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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]
Ruyi Masood Textile Park is an integrated industrial-textile park located in M-3 Industrial Estate in Faisalabad, Punjab province of Pakistan. [ 1 ] [ 2 ] References
After the independence of Pakistan in 1947, with the help of his younger brothers Yousuf and Bashir, he set up their first textile spinning mill in Lyallpur (now called Faisalabad) in 1949. [3] Later the family expanded its textile business to Rawalpindi and Gujjar Khan , and bought a sugar mill in Jauharabad from the Pakistan Industrial ...
Chenab's textile unit used to process and convert more than 70 million meters of fabric every year into made-ups and garment products. Chenab is capable of producing multiple products. Chenab has 19,200 spindles at its spinning unit with in-house space of 520,000 square feet (48,000 m 2). Chenab's weaving unit is equipped with 250 airjet looms ...
Political instability in East Pakistan led the family to move to Karachi in 1970, where they acquired the Sapphire Textile Mill in Kotri, Sindh, in 1971, and later used it as the group identity. [4] In 2003, Sapphire made an equity investment of Rs300 million in the unlisted associated company, Sapphire Finishing Mills Limited. [5]
Faisalabad is as an industrial center with industries like processing mills, engineering, industrial goods, textile manufacturing including cotton and silk textiles, super phosphates, apparel and hosiery, industrial chemicals and dyes, pulp and paper, agricultural research and equipment, oil and ghee (clarified butter), and concentrated beverages.
The textile industry is Pakistan's largest manufacturing sector, employing nearly 25 million people. [1] [2] As the eighth largest exporter of textile commodities in Asia, the industry contributes 8.5% to the country's Gross domestic product. [3] It accounts for about 45% of the total labor force and 38% of manufacturing workers.
Interloop Limited is a Pakistani textile manufacturer based in Faisalabad. [2] It supplies socks and leggings to retailers consisting of Nike, Adidas, H&M, Puma, Levi's, Reebok and Target. [3] [4] The company has five hosiery manufacturing divisions, located in Pakistan, Bangladesh and Sri Lanka. [5]