THE COMPANY AT A GLANCE:
Queen South Textile Mills Limited (hereinafter referred to as "The Company") was incorporated on 15 June 2003 vide Registration No. C-49529(1513)/2003 as a private limited company in Bangladesh under the Companies Act, 1994. The company was converted into a Public Limited Company on 25 January 2017. The company floated its shares to the public through IPO in February 2018 and the company listed in both Dhaka and Chittagong Stock Exchange on 07 January 2018 and started trading 13 March 2018. The registered office and principal place of business of the company is located at
Plot No:85-88 Extension Area, Dhaka EPZ, Ganak bari, Savar, Dhaka-1349, Bangladesh and its factory located at Plot No:85-88 Extension Area, Dhaka EPZ, Ganak bari, Savar, Dhaka-1349, Bangladesh.
NATURE OF BUSINESS:
Queen South Textile Mills Limited runs the business as a 100% export oriented backward linkage Textile Industry and producing & selling different types of knitted, dyed and finished cotton, Nylon, Polyester, Viscose, Carded, combed, Acrylic etc. yarn in a single business segment.
INDUSTRY OUTLOOK AND POSSIBLE FUTURE DEVELOPMENTS IN THE INDUSTRY:
Queen South Textile Mills Limited (QSTML) is a 100% export oriented yarn dyeing Industry located in Dhaka Export Processing Zone, Savar, capital of Bangladesh. The company is engaged in dyeing of different counts of Cotton, Polyester, Viscose, Acrylic, Nylon and Blended yarn to market the processed yarn as deemed exporter. The company was established in 2003 and started operation in mid-2005 with daily capacity of dyeing of 25 MT yarn per day and subsequently increased to 48MT yarn per day.
QSTML has passed the "BSCI" social compliance audit, and obtained the "Oeko-Tex Standard 100" certificate for Yarn, and Dyes, as well as Sewing and Embroidery Threads of QSTML. QSTML is also the only dyeing factory to obtain the "W.S.T." environmental certificates. Not only the dyeing of yarn quality remains one of the highest satisfactions in the market, QSTML is also capable of providing huge production with very short lead time to meet customers' delivery deadlines. QSTML's production machineries are equipped with the State of the art technology, including Central Controlling and Monitoring System, Laboratory is equipped with computer matching machine and dispensing machines, monitored by qualified expert technicians.
QSTML has installed an "ERP" system in 2017 and this allows QSTML'S valued customers to place and track their orders online with real time information, to ensure punctual delivery and convenient production planning in our clients' factories.