The global textile market is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030, with a value of USD 993.6 billion in 2021. The industry works on three major principles; designing, producing, and distributing different flexible materials, such as yarn and clothing. Several processes, such as knitting, crocheting, weaving, and others, are largely used to manufacture a wide range of finished and semi-finished goods in bedding, clothing, apparel, and other accessories.
Owing to rising consumer spending on clothing and apparel, the fashion application segment led the market and held more than 73 percent of the global revenue share in 2021. The Asia Pacific dominated the market and accounted for over 48 percent share of global revenue in 2021 owing to the increased sales volume of clothing and apparel goods. The market in APAC is anticipated to be driven by increased organized retail penetration, favorable demographics, rising disposable income levels, and positive government policies, particularly in nations like India, Bangladesh, and Pakistan.
Masood Textile Mills is one of the renowned Pakistan-based players in this space, boasting more than 3 decades of industry expertise. Masood Textile Mills (MTM) is an end-to-end vertically integrated textile unit capable of handling every step of the process in-house, from cotton procurement to spinning, making all types of yarns (especially Milan yarns), knitting, dyeing, cutting, stitching, finishing, laundry, product testing. “Our strength lies in our proficiency to carry out every operation in-house as opposed to relying on some kind of outsourcing to make the final product for the customer,” emphasizes Ahsan Umar, Director Operations, Masood Textile Mills.
Masood Textile Mills holds a strong foothold in the US as well as in the European market and works with top brands across the world with customers like JC Penney, Walmart, Calvin Klein, Hugo Boss, Boardriders, Pepe Jeans, Champs Sports, and Amazon. Having said that, the firm works with brands spanning from customers providing low price products, medium-priced products to very high-priced and premium products. It has prowess that spans the entire value chain, price segments, and fashion segments. The company creates high-end fashion products for different seasons and customer segments, including men's fashion, women's fashion, and children's fashion.
T-shirts, pullover hoodies, sweatshirts, zipper hoodies, jackets, pants, undergarments, shorts and knickers, and denim are all manufactured by the company. On a monthly basis, the firm is producing more than 7 million garments. It is quite a portfolio in terms of the product range that MTM is capable of producing and the customers that it is serving.
Sustainably at its Core
Increasing consumer preference for sustainable products is compelling major companies to restructure their operations and invest in manufacturing practices that target sustainable products. Masood Textile Mills is a firm believer in circular economy and sustainability. The firm has made significant investments in this area, wherein it recycles its cutting waste and has spinning mills capable of producing regenerated yarn and recycled polyester in its programs. Its boilers and thermic oil heaters run on biomass, and it generates power using the most efficient fuel, such as natural gas or compressed gas, to reduce the greenhouse effect. Even the laundry machine that the firm is equipped with for denim leads to zero discharge of hazardous materials. Masood Textile Mills is further making rapid progress in other areas that will eventually lead to zero discharge and zero waste.
A Notch Above All
The key aspects that give Masood Textile Mills an edge over peers in this segment are the volume, flexibility, variety, speed, and quality of products it produces, which is backed by conducting extensive R&D dedicated to each of its operations. The firm is able enough to produce variety, and it can make virtually any type of knitted garment under the sun at a very high volume. When it comes to flexibility, one needs to be very responsive which the firm has excelled over the years. Moreover, the firm is equipped with state-of-the-art labs certified by the customers it works with. As a result, whatever garments MTM produces, all required testing is done in-house, saving time. The firm's systems ensure that the product is produced right the first time and has implemented Toyota's lean methodologies, which ensures that the quality of products produced is of the highest standard.
Masood Textile Mills holds a strong foothold in the US as well as in the European market, and works with top brands across the world
Journey of Excellence
Masood Textile Mills commenced its journey with a humble beginning in 1990 with just a spinning set-up. The firm expanded gradually, built its production facilities, tapped into different segments, started leveraging technology, and adapted automation in its operations, eliminating the need for manual intervention. Currently, Masood Textile has its own in-house knitting facility with 800 machines, 9 dying facilities, stitching factories, a massive setup of long arm machines, and auto placket machines that perform all complex stitching operations in one location. The firm also has its own power and steam generation facility, as well as Aro water plants.
Masood Textile Mills has grown exponentially over the years, creating a name for itself in the industry and becoming Pakistan's top textile company. And, as it strives to reach new heights, the company is guided by the vision of being the top textile company in the world. With the given customer base, in-house professionals, and technologies that it has integrated, Masood Textile is optimistic that it will be able to achieve the same and be the most preferred and reliable business partner for its customers.
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