Allawasaya Textile & Finishing Mills Limited (Pakistan)

The Company was incorporated under the Companies Act VII of 1915 in March 31, 1958 in the name of M/s M. Allah Wasaya & Co Ltd., but later transformed to M/s Allawasaya Textile & Finishing Mills Limited in February 7, 1960. It was listed on the Karachi Stock Exchange as a Public Limited Company in 1965. Later on it was also listed on the Lahore and Islamabad Stock Exchanges in 1971 and 1992 respectively.
Initially Company started business with the processing of Cloth i.e., bleaching, dyeing, mercerizing, printing and finishing in 1958. Moving on and started its first spinning project in 1964 with a capacity of 12,400 Spindles, all Japanese machinery. It produced high quality cotton carded and combed yarn. It soon got repute and established name in the market. In 1968, second spinning unit was installed with the capacity of 12,528 spindles within the same premises. In 1978 its finishing unit was discontinued because of obsolete machinery and only spinning was continued. The machinery of the Mills was modernized with passage of time as per requirement of the time. Presently it is working with full capacity of 30,592 spindles. Still heavy amount is being invested in the process of BMR to face the challenges of modern time and to cope up with WTO Regime and to maintain quality of the blended yarn (Polyester Cotton Yarn).