Simtex Industries PLC. Stock Analysis SIMTEX.DS

Simtex Industries Plc engages in the manufacture of industrial sewing thread. The firm is engaged in dyeing and conning/winding sewing thread. Its products include staple spun polyester (SSP), poly poly core spun (PPC), textured polyester (TXP), textured nylon (TXN), ready for dyeing (RFD) cotton, and water-soluble thread (PVA). SSP threads are available in various counts, such as 60/2, 60/3, 52/2, 50/2, 45/2, 40/2, 40/3, and 24/3. SSP applications include denims, shirts, light garments, hosiery, made-ups, trousers, and bottoms. PPC is available in 40/2, 20/2, 20/3, and 20/4 counts. PPC applications include buttonhole stitching, ultra-thin overlock, and blind stitch sewing. TXP threads are available in 150D (SET), 150D (IM), and 150D Turn per meter (TPM). The company also provides continuous filament nylon, which is suitable for automotive, furniture, and footwear. Its area of operation is located in Khagan, Birulia, (Ashulia), Savar, and Dhaka.