The
latest textile unit to join Dewan Group is Dewan Khalid Textile
Mills Limited. It was established in April 1978.
A
yarn spinning plant with an installed capacity of 26,624 spindles
was set up at Kotri near Hyderabad, Sindh, with Chinese assistance
in the shape of supply of complete spinning equipment valued at
RMB Yuan 6.763 million under Pay-As-You-Earn scheme. The whole
of that loan stands retired now and was timely paid back in accordance
with the originally agreed schedule.
The
main building of the plant was completed in early 1979 and erection
of machinery was started soon thereafter, which was completed
by September that year; and within a month's time the commercial
production commenced.
The
company, and thereby Dewan Group, had a landmark experience on
11th July, 1979, when its subscription list opened for a day and
Rs 58.381 million were received from the public at a large for
an issue worth Rs 7.2 million only. Consequently, a computer draw
was held for identification of successful allotees.
During
the very first year of its operation in 1979-80, a sales figure
of Rs 104.7 million was achieved. During the same year the production
of yarn stood at Rs 87.8 million. The same unit now has gained
size of Rs 332.5 million, the sales stood at over Rs 300 million
and the production of yarn at 5.2 million kilograms. In the year
2000, the sales of Dewan Khalid Textile Mills Ltd., were over
Rs.56 million.
The
unit manufactures cotton and blended yarn using lint cotton both
of local origin and of imported origin, Viscose Fibre, Acrylic
Staple Fiber and Polyester Staple Fiber. The polyester staple
fiber and acrylic staple fiber being used in yarn spinning is
produced by the sister concern Dewan Salman Fibre Ltd.
The
quality controls being applied are state-of-the-art and the product
enjoys a high reputation. The labour management teaming up is
also exemplary.
The
corporate culture of the unit has been professionalized, resulting
in cost effectiveness and quality consciousness which pervades
through all echelons of the employees.
Protection
of the employee's health, plant and machinery are above the set
standards, aimed at environmental preservation. The company has
plans to increase the capacity in near future.