FAZAL CLOTH MILLS LTD

Fazal Cloth Mills Limited (“the Company”) was incorporated in Pakistan in May 14, 1966 as a public limited company under the Companies Act, 1913 (now the Companies Act, 2017) and its shares are quoted on Pakistan Stock Exchange. The Company is engaged in manufacturing and sale of yarn and fabric. The manufacturing facilities are located at Fazal Nagar, Jhang Road, Muzaffargarh and Qadirpur Rawan Bypass, Khanewal Road, Multan in the province of Punjab.

The company set up its first spinning unit in 1972 at Muzafargarh. Since its listing, the company has maintained a regular dividend payout, paying cash dividends or bonus shares in 37 years out of the 57 years.

At present, the company owns and operates 8 Spinning units comprising 252,564 Spindles and 3,660 Open End Rotors and 888 MVS Spindles installed and Air-jet Picanol 224 Looms.

All units have captive Gas Fired Power Generation with a capacity of 47.84 Mega Watts. All units are equipped with state of the art equipment’s.

Being listed company, it is sub categorized as public interest company (PIC). The company is Economically Significant as it provides employment to more than 5,500 people and having annual sales worldwide in excess of US $ 332.30 Million, bulk of which is generated from exports. The company produces 8,515 tons of Yarn and 4.16 million yards of fabric per month. Its count range is from Ne 4/1 – Ne 80/1 in carded, combed, compact, core spun, Multitwist / Multicount / Slub, Double and Zero Twist Yarns. These Yarns are produced with Cotton, Rayon, Polyester Cotton, Modal Cotton and Bamboo Cotton fair trade cotton Fibers. It also produces certified SUPIMA, ORGANIC, GIZA, BCI, Cleaner Cotton, LYCRA, USA Cotton MVS Melange Yarns and Fabric.

Customer satisfaction from order placement to after sales service is given priority over every other aspect as a policy. Continuous reinvestment is made to modernize and balance manufacturing facilities with an aim to diversify, improve and expand product base.

Investment in human resource development is an integral part of the Company’s Business Plan. Strict attention is placed on environmental concerns and plants are regularly inspected to ensure compliance of relevant environmental regulations.