Transmission of Quarterly Report for the Period Ended September 30, 2019 of Globe Textile Mills Limited.

Karachi: Globe Textile Mills Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended September 30, 2019 have been transmitted through PUCARS and is also available on Company's website.

A spinning unit in the name of Globe Textile Mills Limited was established in the year 1969 which started production in the year 1970. The capacity of the unit was 25,200 spindles with complete Back Process and Murata Winders.

The unit was updated in the late 1980's and an extensive programme of balancing, modernisation, and replacement was carried out at a huge capital investment. Blow Room, card and Drawing with Autolevel from Rieter were installed and modernization of Toyoda Simplex and Toyoda Rings was undertaken. The unit...