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Nishat Chunian
Pakistani textile company From Wikipedia, the free encyclopedia
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Nishat Chunian Limited (Urdu pronunciation: [nɪˈʃaːt tʃuːˈnɪ.jən] nih-SHAHT choo-NIH-yuhn) is a Pakistani vertically integrated textile company based in Lahore.[2] It is listed on the Pakistan Stock Exchange and is one of the largest textile company of Pakistan.[3]
Nishat Chunian also operates The Linen Company retail stores located in Lahore, Karachi, and Islamabad.[4]
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History
Nishat Chunian was incorporated in 1990 as a spinning mill by Shahzad Saleem, a nephew of Mian Muhammad Mansha, as part of Nishat Group.[5][6] It began commercial operations in March 1991 with a manufacturing facility of 14,400 spindles supplied by Sulzer.[7][8] The company was also listed on the Karachi Stock Exchange in 1991.[8]
In 1998, Nishat Chunian established a weaving mill.[5] Two years later, another spinning mill was added.[5]
In 2013, Nishat Chunian acquired Taj Textiles for Rs. 350 million.[9]
In 2010, Nishat Chunian established Nishat Chunian Power, a 200MW independent power producer, which is also listed on the Pakistan Stock Exchange.[5][6]
In 2016, Nishat Chunian opened the first store of The Linen Company in Lahore.[6]
In July 2018, Nishat Chunian divested its shareholding in Nishat Chunian Entertainment.[10]
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Subsidiaries
Former subsidiaries
Factories
Nishat Chunian operates factories in the following cities:
References
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