// Workers AI · dad joke modeWhat did Fauji Foods say to the hungry soldier? "You can 'ketchup' with us.
 | |
| Formerly | Noon Pakistan Limited (1966–2016) |
|---|---|
| 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 Financials as of 30 June 2023[update] [2] | |
Fauji Foods Limited (Urdu pronunciation: [ˈfaʊ.dʒi fuːdz] FOW-jee-FOODS) is a Pakistani food company based in Lahore. It is a subsidiary of Fauji Fertilizer Company.[3]
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
[edit]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
[edit]Fauji Cereals
[edit]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]
References
[edit]- ↑ Iqbal, Ahsan. "Our Leadership".
- ↑ "Fauji Foods Annual Report 2023" (PDF). Retrieved 18 May 2024.
- ↑ Mangi, Faseeh; Marlow, Iain; Kay, Chris (14 August 2017). "Army-Owned Firm Seeks to Double Share in Pakistan Dairy Market". Bloomberg.
- ↑ Hussain, Dilawar (4 May 2015). "FFBL diversifies from food to power". DAWN.COM.
- 1 2 Hussain, Dilawar (23 November 2014). "Fauji Fertiliser to enter food processing industry". DAWN.COM.
- ↑ "Fauji Foods losses continue, despite revenue growth". Profit by Pakistan Today. 6 February 2021.
- ↑ "Noon Pakistan Limited (NOPK)". 24 November 2015.
- ↑ "History of Fauji Foods Limited".
- ↑ "FFBL board approves acquisition of Noon Pakistan". The News International. 16 February 2015.
- ↑ "FFBL, Fauji Foundation to acquire Noon Pakistan". The Express Tribune. 28 March 2015.
- ↑ Ali, Meiryum (5 December 2020). "Fauji Fertilizer Bin Qasim to bail out Fauji Foods with Rs3.5 billion loan – yet again". Profit by Pakistan Today. Retrieved 11 December 2020.
- ↑ "China's Yili Group expresses intent to acquire Fauji Foods". The Express Tribune. 1 August 2018.
- ↑ "Chinese industrial group withdraws intention to acquire Fauji Foods". The Express Tribune. 30 April 2019.
- ↑ "Fauji Foods acquires subsidiaries". The News International.
- 1 2 3 4 5 D’Souza, Vanessa (28 August 2018). "Breakfast at Fauji's". Aurora Magazine.