Interviews
'Textiles moving towards difficult future' - Mr Umar, Allawasaya Mills
14 Apr '09
2 min read
The Pakistan textile industry is going through one of the toughest periods of its century's old existence. As if the energy shortages and labour problems were not enough in 2008, the economic turmoil came along to give more troubles.
But the spirit of the 'Never say die' attitude of the Pakistani textile industry has stood it in good stead and the sector has delivered exemplary results by garnering exceptional profit growth in the first half of the current fiscal (2008-09).
Fibre2fashion spoke to the Company Secretary; Mr Muhammad Umar of Multan based Allawasaya Textile & Finishing Mills Ltd, which has been at the forefront in high quality yarn manufacturing for more than 50 years and is an 'ISO 9001:2000' company.
We started off by asking Mr Umar to tell us the different varieties of yarn produced by them, to which he said, “At the Multan plant, we produce Polyester/Cotton (52:48) from 10/1 to 40/1 and in our other unit we manufacture open end yarn from 6/1 to 22/1 auto coned yarn which we sell in Pakistan as well as all over the world”.
Next we asked him his views on the global textile industry, to which he optimistically said, “Textile sector is going to face a very difficult time period because of current financial position and we are hopeful that the situation should be okay and will be productive after one or two years”.
Next we asked him as to how he sees the domestic textile industry performing in current times, to which he replied by saying, “The Pakistan textile sector is moving towards a very difficult future and only because of high rate of mark-up, almost over 15 percent, electricity and gas shortages and high taxes”.
Moving ahead we requested him to describe the hurdles in the path of progress of the sector, to which said, “All the ones mentioned above, but, we are also hopeful that things are going to change soon with regards to mark-up and our government is doing well to produce electricity to avoid shortages by the year end”.
To end the interview we asked him whether the current happenings in the cotton sector will affect his unit, to which he replied by saying, “The current position of cotton in the markets in Pakistan is very good and I do not foresee any problems in future”.
But the spirit of the 'Never say die' attitude of the Pakistani textile industry has stood it in good stead and the sector has delivered exemplary results by garnering exceptional profit growth in the first half of the current fiscal (2008-09).
Fibre2fashion spoke to the Company Secretary; Mr Muhammad Umar of Multan based Allawasaya Textile & Finishing Mills Ltd, which has been at the forefront in high quality yarn manufacturing for more than 50 years and is an 'ISO 9001:2000' company.
We started off by asking Mr Umar to tell us the different varieties of yarn produced by them, to which he said, “At the Multan plant, we produce Polyester/Cotton (52:48) from 10/1 to 40/1 and in our other unit we manufacture open end yarn from 6/1 to 22/1 auto coned yarn which we sell in Pakistan as well as all over the world”.
Next we asked him his views on the global textile industry, to which he optimistically said, “Textile sector is going to face a very difficult time period because of current financial position and we are hopeful that the situation should be okay and will be productive after one or two years”.
Next we asked him as to how he sees the domestic textile industry performing in current times, to which he replied by saying, “The Pakistan textile sector is moving towards a very difficult future and only because of high rate of mark-up, almost over 15 percent, electricity and gas shortages and high taxes”.
Moving ahead we requested him to describe the hurdles in the path of progress of the sector, to which said, “All the ones mentioned above, but, we are also hopeful that things are going to change soon with regards to mark-up and our government is doing well to produce electricity to avoid shortages by the year end”.
To end the interview we asked him whether the current happenings in the cotton sector will affect his unit, to which he replied by saying, “The current position of cotton in the markets in Pakistan is very good and I do not foresee any problems in future”.
Fibre2fashion News Desk - India
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