Masood Textile Mills | |
Type: | Public |
Founded: | 1984 |
Location: | Faisalabad, Pakistan |
Num Employees: | 24,000 |
Industry: | Textile |
Products: | Textiles (Knitwear) |
Masood Textile Mills (MTM) (Urdu: مسعود ٹیکسٹائل ملز) is a Pakistani vertically-integrated textile manufacturing company based in Faisalabad.[1] It has yarn, yarn, knitting, fabric dyeing, processing, laundry and apparel manufacturing facilities. MTM is publicly listed on the Pakistan Stock Exchange.
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 used to be the largest knit-wear manufacturer and exporter in Pakistan before 2020.[4] [5]