Malek Spinning Mills PLC
DDSE:MALEKSPIN46.00
BDT
-0.70
(-1.50%)
ISIN
BD0451MALSP2
Return %
Stock
S&P 500
1Y
69.12
14.20
3Y
69.74
81.12
5Y
60.84
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Abdul Matin Chowdhury
- Full Time Employees
- 1,162
- Sector
- Process industries
- Industry
- Textiles
- Address
- Dhaka Bangladesh
- IPO Date
- Jun 6, 2010
- Website
- newasiabd.com
- Similar Companies
- Business
- Malek Spinning Mills PLC is a Bangladesh-based textile manufacturing company primarily engaged in the production and sale of 100% cotton yarn for export-oriented knitwear and weaving industries. Founded in 1989 and headquartered in Dhaka, Bangladesh, the company operates industrial spinning facilities in Gazipur and functions as an integrated textile group alongside its key operating subsidiaries, Salek Textile Limited and Knit Asia Limited. The company manufactures, markets, and distributes a comprehensive portfolio of yarn products, including 100% combed cotton yarn; 100% carded cotton yarn; open-end rotor yarn; slub yarn; organic cotton yarn; compact yarn; melange yarn; and specialty count yarns ranging from coarse to fine counts designed for circular knitting and weaving mills. Through its subsidiary operations, the company also produces and supplies denim fabrics, comprising basic denim, stretch denim, and specialty washed denim; circular knitted and dyed fabrics; fabric finishing services; and fully finished ready-made garments, such as t-shirts, polo shirts, and casual knitwear for global apparel retailers across Europe, North America, and Asia. In recent developments, the company formally converted its corporate status and transitioned its registered name to Malek Spinning Mills PLC in accordance with updated statutory regulations. Additionally, the company has implemented balancing, modernization, rehabilitation, and expansion (BMRE) programs across its manufacturing facilities, integrating energy-efficient automated machinery and rooftop solar power infrastructure to mitigate rising utility costs and enhance production yield. The company and its subsidiaries have also expanded sustainable product offerings by increasing the adoption of Better Cotton Initiative (BCI) certified raw cotton and recycled fibers, alongside strategic realignment of inventory management and export procurement channels to navigate global cotton price fluctuations and regional supply chain dynamics.