Message From The Managing Director | Matin Spinning Mills Limited | Your Slogan Here

Message From The Managing Director

Dear Shareholders,

Ladies and Gentlemen,

It is my great pleasure that I welcome you on behalf of the Board of Directors to the 15th Annual General Meeting of your Company and present before you the Annual Report for the year 2016-17 containing the Directors’ Report and Audited Financial Statements for your kind perusal.

Our Business Performance

I am also pleased to inform you that Matin Spinning Mills Limited (MSML) started production of its synthetic unit with 16 tons of capacity per day. Now MSML offers wide range of products to fulfill the increasing demand of RMG sector. Production of yarn during the year increased by 56.73% and sales volume increased by 48.05% compared to year 2015-2016.

Production Capacity

MSML has started the commercial operation of the Mélange unit and Synthetic unit from 28 March, 2016 and 7th February, 2017 respectively. Now the total installed production capacity is 51 tons per day with 71,664 spindles.

Awards

I am delighted to inform you that MSML achieved four momentous awards of which two from World Textile Awards- “Spinner of the Year” & the “Textile Firm of the Year in 2015” and one from The Institute of Cost and Management Accountants of Bangladesh (ICMAB) “Best Corporate Award-2015 under the Textile/ Garments Sector, securing the First Position and another award from The Institute of Chartered Secretaries of Bangladesh (ICSB) “3rd ICSB national Award for Corporate Governance Excellence, 2015’’ as Gold winner under the Textile and Garment Sector.

Our Gratitude

While concluding, I offer my gratitude to all the Employees, Shareholders, Stakeholders, Government Agencies, Banks & Financial Institutions, Customers, Consumers, Suppliers and other Services Agencies for their cooperation and support.

Thanking you all,

M. A. Jabbar
Managing Director

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