Company Matin Spinning Mills PLC

Equities

MATINSPINN

BD0460MSML06

Textiles & Leather Goods

End-of-day quote Dhaka S.E. 18:00:00 2024-07-02 EDT 5-day change 1st Jan Change
44.2 BDT +1.38% Intraday chart for Matin Spinning Mills PLC +2.31% -43.04%

Business Summary

Matin Spinning Mills PLC is a Bangladesh-based export-oriented company. The Company is engaged in the manufacturing and sale of combed, carded cotton, melange, and synthetic yarn from raw cotton, polyester, and viscose fiber. The Company's products include Neppy Yarn, Metallic Yarn, Injected Yarn, Siro Yarn, Air Covered Yarn, Fancy Twisted Yarn, and Twisted Yarn. The Company makes neps from fibers and produces Neppy yarn with different neps and colors. Its Neppy Yarn includes Multi-color polyester neps, Recycle cotton neps, and Polyester neps. The Company also sells recycled claimed standard (RCS) yarns and global recycled standard (GRS) yarns. It has an installed production capacity of over 61 tons per day with 88,304 spindles. The Company’s production facility is located at Sardaganj in Kashimpur Upazila, in the district of Gazipur.

Number of employees: 2,355

Sales per Business

BDT in Million2022Weight2023Weight Delta
Combed Yarn
46.2 %
1,920 32.0 % 3,396 46.2 % +76.87%
Synthetic Yarn
15.0 %
1,440 24.0 % 1,104 15.0 % -23.34%
Carded Yarn
11.2 %
487 8.1 % 819 11.2 % +68.35%
Melange Yarn
9.2 %
848 14.1 % 675 9.2 % -20.40%
Open End
7.4 %
432 7.2 % 541 7.4 % +25.37%
Vortex
5.5 %
336 5.6 % 401 5.5 % +19.53%
Slub Yarn
3.8 %
364 6.1 % 279 3.8 % -23.32%
Twist
1.7 %
175 2.9 % 125 1.7 % -28.48%
Twisting Services Charges
0.0 %
2 0.0 % 3 0.0 % +97.36%

Sales per region

BDT in Million2022Weight2023Weight Delta
Bangladesh
100.0 %
6,003 100.0 % 7,344 100.0 % +22.34%

Managers

Managers TitleAgeSince
Chief Executive Officer 62 02-09-06
Director of Finance/CFO - 21-06-30
Chief Administrative Officer 58 04-12-31
Chief Tech/Sci/R&D Officer 69 01-12-31
Corporate Officer/Principal - -
Comptroller/Controller/Auditor 51 -
Corporate Secretary - 12-02-29

Members of the board

Members of the board TitleAgeSince
Chairman 70 02-09-14
Chief Executive Officer 62 02-09-06
Director/Board Member 61 02-09-06
Director/Board Member 55 02-09-06
Director/Board Member 50 10-06-16
Director/Board Member 51 10-06-16
Director/Board Member 46 10-06-16
Director/Board Member 40 10-06-16
Director/Board Member 70 -
Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 97,490,000 30,113,811 ( 30.89 %) 0 30.89 %

Shareholders

NameEquities%Valuation
Jinnat Apparels Ltd.
29.77 %
29,025,000 29.77 % 12 M BDT
5,849,250 6.000 % 2 M BDT
5,849,250 6.000 % 2 M BDT
5,849,250 6.000 % 2 M BDT
5,849,250 6.000 % 2 M BDT
Jinnat Knitwears Ltd.
2.690 %
2,622,000 2.690 % 1 M BDT
Flamingo Fashions Ltd.
2.511 %
2,448,000 2.511 % 996 728 BDT
2,130,000 2.185 % 867 251 BDT
2,130,000 2.185 % 867 251 BDT
2,130,000 2.185 % 867 251 BDT

Company contact information

Matin Spinning Plc

South Avenue Tower, House No. 50 Road No. 3, 7 Gulshan Avenue

1212, Dhaka

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http://www.matinspinning.com
address Matin Spinning Mills PLC(MATINSPINN)
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