Day End Prices will be available on InvestorsLounge.com !


Feroze 1888 Mills Limited (FML): A Jewel in Textile Sector – By ABBASI Research

  • By: Abbasi Securities (Private) Limited

  • - Published: Thursday, 30 August 2018
FML.jpg
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan&rsquo;s towel manufacturing industry is predominantly export based, where more than 70% of domestic production is exported. There are ~190 manufacturers operating in this organized sector of which majority are operating in the southern region. In FY18 towel exports from Pakistan stood at 205,593 MT (4.3% higher than in FY17), however in value terms $797mn worth of towels were exported compared to $800mn in the previous year. Installed capacity of auto looms is estimated to be ~20,000 which include both auto looms and auto shuttle less looms. In terms of major export markets, 46% of towels are exported to USA, while European countries constitute ~30% of the total exports.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;fo...

Similar Reports