Fauji Foods
Pakistani food company
From Wikipedia, the free encyclopedia
Fauji Foods Limited (Urdu pronunciation: [ˈfaʊ.dʒi fuːdz] FOW-jee-FOODS) is a Pakistani food company which is a subsidiary of Fauji Fertilizer Company.[3] It is based in Lahore, Pakistan.
| |
| Formerly | Noon Pakistan Limited |
|---|---|
Company type | Public |
| PSX: FFL | |
| Founded | 1966 |
| Headquarters | Lahore, Pakistan |
Key people | Muhammad Haseeb Aslam (CEO)[1] |
| Products | Nurpur Dostea |
| Revenue |  Rs. 19.809 billion (US$71 million) (2023) |
| Rs. 936.507 million (US$3.3 million) (2023) | |
| Rs. 605.111 million (US$2.2 million) (2023) | |
| Total equity | Rs. 14.055 billion (US$50 million) (2023) |
| Owner | Fauji Fertilizer Company (66.29%) FFBL Power Company (15.87%) |
| Parent | Fauji Fertilizer Company |
| Subsidiaries | Fauji Infraavest Foods Fauji Cereals |
| Website | faujifoods |
| Footnotes / references Financials as of 30 June 2023[update] [2] | |
Fauji Foods is known for its dairy products and brands such as Nurpur, and Dostea.[4] It is listed on the Pakistan Stock Exchange.[5]
History
Fauji Foods was established in 1966 as part of Noon Group by Pakistani political family Noon family.[6][7] It was listed on the Karachi Stock Exchange in 1970.[8] The shares of the company were held by Pakistani politician Malik Adnan Hayat Noon and Salman Hayat Noon with 48.9 percent and 25.5 percent respectively until 2015.[5]
In 2015, Fauji Fertilizer Bin Qasim acquired Noon Pakistan.[9] Before acquisition, company was in loss for two consecutive years.[10] Later, Fauji Fertilizer Bin Qasim gave a loan of Rs. 3.5 billion to Fauji Foods.[11]
In 2018, Chinese company Yili Group expressed its intent to buy 51 percent stake in Fauji Foods.[12] Later, in 2019, it withdrew its interest.[13]
In February 2024, Fauji Foods acquired Fauji Infraavest Foods Limited and Fauji Cereals from Fauji Foundation.[14]
Subsidiaries
Fauji Cereals
Fauji Cereals was established in 1954 and began production in 1956 in a joint venture with Quaker Oats.[15] Quaker Oats designed the facility of Fauji Cereals and supplied machinery from Scotland.[15] Quaker Oats exited from Pakistan in 1962.[15]
Initially, Fauji Cereals produced ready-to-eat (RTE) breakfast cereals, including corn, wheat, and rice flakes.[15] The company later expanded its product range to include cereal varieties, ready-to-cook porridges, desserts such as mixes, custards, and jellies, and more recently, flour and grain products. Its products include Bran Flakes, Choco Cups, Choco Rings, Choco Stars, and Frosted Flakes.[15]
