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Interloop Limited is a Pakistani
textile
Textile is an Hyponymy and hypernymy, umbrella term that includes various Fiber, fiber-based materials, including fibers, yarns, Staple (textiles)#Filament fiber, filaments, Thread (yarn), threads, and different types of #Fabric, fabric. ...
manufacturer based in
Faisalabad
Faisalabad, formerly known as Lyallpur, is the List of cities in Punjab, Pakistan by population, second-largest city and primary List of cities in Punjab, Pakistan by population, industrial center of the Pakistani province of Punjab, Pakistan ...
.
It supplies socks and
leggings
Leggings are several types of leg attire that have varied through the years. Modern usage from the 1960s onwards has come to refer to elastic close-fitting High-rise (fashion), high-rise garments worn over the legs typically by women, such as leg ...
to retailers consisting of
Nike,
Adidas
Adidas AG (; stylized in all lowercase since 1949) is a German athletic apparel and footwear corporation headquartered in Herzogenaurach, Bavaria, Germany. It is the largest sportswear manufacturer in Europe, and the second largest in the ...
,
H&M,
Puma,
Levi's,
Reebok and
Target.
The company has five
hosiery
Hosiery, (, ) also referred to as legwear, describes garments worn directly on the foot, feet and human leg, legs. The term originated as the collective term for products of which a maker or seller is termed a hosier; and those products are also ...
manufacturing divisions, located in
Pakistan
Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the List of countries and dependencies by population, fifth-most populous country, with a population of over 241.5 million, having the Islam by country# ...
,
Bangladesh
Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...
and
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, also known historically as Ceylon, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian subcontinent, ...
.
History
Interloop was established in 1992 as a
B2B manufacturer of socks and leggings by brothers Musadaq Zulqarnain and Navid Fazil along with Jahanzeb Khan Banth. After eight years, a second production unit was opened with 400 knitting machines installed.
In 2003, Interloop opened its first vertically integrated
hosiery
Hosiery, (, ) also referred to as legwear, describes garments worn directly on the foot, feet and human leg, legs. The term originated as the collective term for products of which a maker or seller is termed a hosier; and those products are also ...
plant in Faisalabad in an effort to make its supply chain management more efficient.
In 2005, the company opened their second hosiery plant, and launched a yarn dying division a year later, also in Faisalabad.
The company was converted into public limited company on July 18, 2008 from being private limited.
In March 2019, Interloop raised more than 5 billion
pkr through Pakistan's largest private sector
IPO, placing it amongst the top 50 companies listed on the
Pakistan Stock Exchange by market capitalization.
See also
*
Textile industry in Pakistan
References
External links
*
{{KSE 100
Multinational companies headquartered in Pakistan
Textile companies of Pakistan
Manufacturing companies established in 1992
2019 initial public offerings
Companies based in Faisalabad
Companies listed on the Pakistan Stock Exchange
Companies in the KSE 100 Index
Pakistani companies established in 1992