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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]
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 ...
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
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.
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.
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]
Textile division of the company has a distribution network of more than 4,000 multi-brand outlets and over 637 exclusive retail shops [5] in the domestic market itself. [6] Suitings are available in India in over 400 towns through 30,000 retailers and an exclusive chain is present in over 150 cities across India.
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