Home / Knowledge / News / Textiles / 'We foresee improvement in our operations' – CEO, Ali Asghar Mills
'We foresee improvement in our operations' – CEO, Ali Asghar Mills
04
Mar '09
The Tsunami like financial crisis which has engulfed economies of all the countries, without sparing none in its wake has created an impact, unimaginable, even just a few months ago. The whole world was riding on the back of a boom wave in which even the smaller economies were uplifted in the bargain.

In our continuing series on giving to our valued readers, the impact of the financial turmoil on the textile and garment industry in different countries, fibre2fashion spoke to Mr Nadeem Ellahi Shaikh, Chief Executive of the Pakistan based, Ali Asghar Textile Mills Limited, with its registered office in Karachi.

Ali Asghar Textile Mills Limited is a spinning mill, set up in 1967 and having a installed capacity of 31,000 spindles and is in to the manufacture of cotton yarn of different varieties like carded and combed in all counts.

We started off by asking him his views on overall global textile market and its impact, to which he replied by saying, “It is not good for anybody and the effect on exports from the textile industry in Pakistan is very obvious to everybody, with the same expected to worsen in the next few months of 2009 and possibly even into 2010”.

To another question on competitor countries and how he foresees the future of his company, he replied by saying, “Our competitors are mainly China and Bangladesh and we are trying to diversify our export base in order to reduce the impact and we also foresee improvement in our overall operations in the near future”.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search