The Malabar Co- operative Textiles Limited (Malcotex) was established in the year 1993 in Athavanad Village of Malappuram district and started commercial production in 1997. The Mill is Registered under Co-operative Societies Act. It is one of the most modern spinning mill operates under the membership of TEXFED. The Administrative control of the mill vest with the Board of Directors. The Mill is owned by Govt. of Kerala (Industries Department).
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.