Simtex Industries PLC
DDSE:SIMTEX24.90
BDT
+0.30
(+1.22%)
ISIN
BD0469SIMTX4
Return %
Stock
S&P 500
1Y
-13.24
14.20
3Y
4.18
81.12
5Y
35.33
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Neaz Rahman Shaqib
- Full Time Employees
- 569
- Sector
- Process industries
- Industry
- Textiles
- Address
- Dhaka Bangladesh
- IPO Date
- Jul 28, 2015
- Website
- simtexgroup.com
- Similar Companies
- Business
- Simtex Industries PLC is a Bangladesh-based textile accessories manufacturer primarily engaged in the production, dyeing, and distribution of industrial sewing threads and specialized garment accessories for the ready-made garment (RMG) and apparel export sector. Founded in 2007 and headquartered in Dhaka, Bangladesh, the company operates high-capacity manufacturing, spinning, and automated dyeing facilities situated in Gazipur. Simtex Industries PLC offers a comprehensive portfolio of industrial thread solutions, comprising spun polyester sewing threads for general apparel and knitwear; poly-poly core spun (PPCS) and cotton-wrapped polyester core spun threads engineered for high-stress denim and seam performance; high-tenacity continuous filament polyester threads; textured microfilament and overlock sewing threads for activewear and intimate apparel; trilobal polyester and rayon embroidery threads; specialized bonded nylon and heavy-duty stitching threads for footwear, leather goods, and upholstery; and tailored technical support services, including computerized color matching, custom yarn dyeing, high-speed cone winding, and tensile strength laboratory testing. The company primarily caters to 100% export-oriented woven, denim, knitwear, and home textile manufacturers supplying international fashion retailers across North America, Europe, and Asia. In recent operational developments, Simtex Industries transitioned its corporate identity to Simtex Industries PLC in line with regulatory modernization requirements and implemented major capital investment programs to expand production capacity through the installation of automated winding, twisting, and low-liquor-ratio dyeing machinery. Additionally, the company launched sustainable product lines featuring Global Recycled Standard (GRS) certified recycled polyester sewing threads and OEKO-TEX Standard 100 certified eco-friendly threads to support the decarbonization and circular sourcing goals of global apparel brands. Simtex Industries PLC has also enhanced its manufacturing infrastructure by integrating renewable rooftop solar energy systems at its primary production plant and broadening long-term supply agreements with prominent export conglomerates.