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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
A new manufacturing facility was set up at Jalgaon (Maharashtra) during the year 1979 to meet the increasing demand for worsted woollen fabrics. In the year 2000, Vijaypat Singhania handed over his company to his younger son Gautam Singhania and in the year 2015, he gave 37.57% of the total shares to him.
Maharashtra State Textile Corporation (MSTC) is a limited company owned by Maharashtra State.It was established on 6 September 1966, having its head office at Mumbai.Their stated purpose was to take over ailing privately owned textile mills, which were being closed down and make those mills more productive and also to start new mills in industrially undeveloped parts of the state.
The textile industry of the city of Ahmedabad in the state of Gujarat in India dates back to the 19th century, when the industry was established under the British raj. Textile mills employed thousands of people from across the state, and the cotton garments manufactured were exported around the world.
The All Pakistan Textile Mills Association (APTMA) is an association for Textile industry in Pakistan.APTMA represents over 400 textile mills in Pakistan. [2]The textile industry is Pakistan's largest industry and textile is the most important export of Pakistan. [3]
Nishat Group's origins goes back to a leather business in Calcutta, British India, established by Mian Muhammad Yahya. [6] Following the partition of India in 1947, Mian Muhammad Yahya and his three brothers, Mian Hameed, Mian Rafiq, and Mian Ayub, founded Nishat Mills in Pakistan in 1951. [6]
RSWM Limited was established in 1960 as Rajasthan Spinning & Weaving Mills Limited at Calcutta, India. In 1980, the company Collaborated with Zwicky & Co., Switzerland to manufacture of polyester sewing thread with an annual capacity of 120 tonnes.