The Malappuram Co operative Spinning Mill was established in the year 1979 and started the commercial production on 1980. Though the mill was started under the co operative act the mill is now managed by Government of Kerala, Industries Department and it comes under the umbrella of Texfed, where all the co operative spinning mills are functioning.The units of Texfed and KSTC are coming under the Textile sector of Goverment of Kerala, Industries department.
The Malappuram Co operative spinning mill has got a spindleage of 25000 and is on the way of modernisation through NCDC/Goverment of Kerala Modernisation project.The Malabar Co- operative Textiles Limited (Malcotex) has got a spindleage of 12384. The mill is under going an expansion programe to increase the capacity to 25,000 spindles with the financial aid of Govt. of Kerala and NCDC