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Square Textile-Overview

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Square Textile-Overview
ABOUT SQUARE TEXTILES LIMITED
Square Textiles Ltd. started its journey by establishing the first unit in 1997. One year later the second unit was established. Square Textile is a subsidiary company of Square Group .The Company was incorporated as a public limited company in the year 1994. The operation was started in 1997. It was enlisted in Dhaka Stock Exchange (DSE) & Chittagong Stock Exchange (CSE) in 2002. Within a very short span of time the company achieved some significant success. Square Textile receives Oeko-Tex standard 100 and ISO-9002 certificates in the year 2000. Authorized capital of the company is tk. 1000 million. It’s paid- up capital is tk. 705.84 million. 1,884 employees (till December 31, 2009) are working in this organization. The business lines of Square Textiles Limited are manufacturing and marketing of yarn. The factory is located in Saradaganj, Kashimpur, Gazipur, Bangladesh. Its office is located at Uttara in Dhaka.
MISSION STATEMENT
The mission statement of Square Textiles Limited is “Our mission is realization of vision through maximum production of goods and services strictly on ethical and moral standards at minimum costs to the society ensuring optimum benefits to the shareholders and other stakeholders.” This mission is envisioned by the concept of business which ensures well being of the investors, stakeholders, employees and members of the society which will create new wealth in the form of goods and services.
STRATEGIC GOALS & OBJECTIVES
The company sets the following objectives for it to achieve: To strive hard to optimize profit through conduction of transparent business operations withinthe legal & Social framework with malice to none and justice for all in respective of gender disparity, caste, creed or religion or region. To Increase productivity. To create more jobs with minimum investments. To be competitive in the internal as well as external markets. To maximize export earning with minimum imported

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