Ad
related to: introduction of sapphire textile mills
Search results
Results From The WOW.Com Content Network
Sapphire Textile Mills Limited, also known as Sapphire Group, is a Pakistani vertically integrated textile manufacturer, producing cotton yarn, fabric, and finished garments. [2] It is based in Lahore , Pakistan.
In 2003, Sapphire made an equity investment of Rs300 million in the unlisted associated company, Sapphire Finishing Mills Limited. [5] In 2009, Sapphire invested 980,000 Danish krone in Beirholms Sapphire A/S, a company registered in Denmark. [6] In 2014, the retail division of the company, Sapphire Retail, was founded by Nabeel Abdullah. [7]
The group also had investments in East Pakistan prior to the independence of Bangladesh, including Nishat Jute Mills, Qadiryah Textile Mills, Telgin Cotton Mills, and Chemical Industries of Pakistan. [6] Nishat Jute Mills was acquired by the group from the Pakistan Industrial Development Corporation in East Pakistan. [7]
Nishat Mills Limited was founded in 1951 by Mian Muhammad Yahya, Mian Hameed, Mian Rafiq, and Mian Ayub. [5] The name "Nishat" was pre-assigned to the textile license they acquired and was not chosen by the founders. [5] In 1995, Raza Textiles merged with its sister company, Umer Fabrics, which was later merged into Nishat Mills in 2004. [6]
Textile manufacturing in the modern era is an evolved form of the art and craft industries. Until the 18th and 19th centuries, the textile industry was a household work. It became mechanised in the 18th and 19th centuries, and has continued to develop through science and technology since the twentieth century. [ 2 ]
The textile sector accounts for 54% of Pakistan's export earnings. [32] The industry's contribution in the nation's exports account for 8.5% of the total GDP. Textile exports stood at $4.4 billion in 2017–18. The industry employs a large section of the labour force in the country.
This was also the first time the size of the trust was revealed in the court battle between Atrium Health and Cannon Mills heirs. Twist ending in battle for $17 million NC textile fortune. There ...
The export of textiles was one of the sources of wealth for Meroë. [11] Spinning jenny. Hand spinning was an important cottage industry in medieval Europe, where the wool spinners (most often women and children) would provide enough yarn to service the needs of the men who operated the looms or to sell on in the putting-out system.