Prime Textile Spining Mills Ltd.
DDSE:PRIMETEX13.40
BDT
+0.20
(+1.52%)
Prime Textile Spining Mills Ltd.
DSE:PRIMETEX
(Dhaka Stock Exchange)
Recent
price
13.40
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Prime Textile Spinning Mills Limited is a Bangladesh-based textile manufacturing company that specializes in the production and distribution of cotton and blended yarns for the domestic and export-oriented ready-made garment (RMG) and knitwear manufacturing industries. Founded in 1990 and headquartered in Dhaka, Bangladesh, the company operates as part of the Prime Group of Industries, maintaining its primary spinning mill and production facilities in Pagla, Narayanganj. The company manufactures and markets a comprehensive portfolio of yarn products, including 100% cotton carded yarns; 100% cotton combed ring-spun yarns; open-end rotor yarns; blended yarns; melange yarns; auto-coned and electronically cleared yarns; and specialized knitting and weaving yarns produced in various count ranges from Ne 10/s to Ne 40/s for circular knitting, flat knitting, and woven fabric applications. Prime Textile Spinning Mills Limited distributes its products to export-oriented apparel manufacturers, industrial knitting mills, and fabric weavers supplying global fashion and retail brands. In recent developments, the company has implemented operational restructuring and modernization initiatives, including balancing, modernization, rehabilitation, and expansion (BMRE) across its spinning units to optimize energy consumption, upgrade automated processing spindles, and counteract domestic gas and power supply constraints. Additionally, to mitigate raw cotton price volatility and improve operating margins, the company has strategically reoriented its production capacity toward higher-count, value-added combed yarns while restructuring bank credit and working capital arrangements to enhance operational stability and maintain supply chain continuity.