 | |
| Formerly | Noon Pakistan Limited |
|---|---|
| Company type | Public |
| Traded as | PSX: FFL |
| Founded | 1966; 59 years ago (1966) |
| Headquarters | Lahore, Pakistan |
| Key people | Muhammad Haseeb Aslam (CEO) |
| Products | Nurpur Dostea |
| Revenue |  Rs. 19.809 billion (US$69 million) (2023) |
| Operating income | Rs. 936.507 million (US$3.2 million) (2023) |
| Net income | Rs. 605.111 million (US$2.1 million) (2023) |
| Total equity | Rs. 14.055 billion (US$49 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 | |
Fauji Foods Limited (Urdu pronunciation: [ˈfaʊ.dʒi fuːdz] FOW-jee-FOODS) is a Pakistani food company which is a subsidiary of Fauji Fertilizer Company. It is based in Lahore, Pakistan.
Fauji Foods is known for its dairy products and brands such as Nurpur, and Dostea. It is listed on the Pakistan Stock Exchange.
History
Fauji Foods was established in 1966 as part of Noon Group by Pakistani political family Noon family. It was listed on the Karachi Stock Exchange in 1970. 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.
In 2015, Fauji Fertilizer Bin Qasim acquired Noon Pakistan. Before acquisition, company was in loss for two consecutive years. Later, Fauji Fertilizer Bin Qasim gave a loan of Rs. 3.5 billion to Fauji Foods.
In 2018, Chinese company, Yili Group, expressed its intent to buy 51 percent stake in Fauji Foods. Later, in 2019, it withdrawn its interest.
In February 2024, Fauji Foods acquired Fauji Infraavest Foods Limited and Fauji Cereals from Fauji Foundation.
Subsidiaries
Fauji Cereals
Fauji Cereals was established in 1954 and began production in 1956 in a joint venture with Quaker Oats of United Kingdom. Quaker Oats designed the facility of Fauji Cereals and supplying machinery from Scotland. Quaker Oats exited from Pakistan in 1962.
Initially, Fauji Cereals produced ready-to-eat (RTE) breakfast cereals, including corn, wheat, and rice flakes. 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.
References
- Iqbal, Ahsan. "Our Leadership".
- "Fauji Foods Annual Report 2023" (PDF). Retrieved 18 May 2024.
- Mangi, Faseeh; Marlow, Iain; Kay, Chris (August 14, 2017). "Army-Owned Firm Seeks to Double Share in Pakistan Dairy Market". Bloomberg.
- Hussain, Dilawar (May 4, 2015). "FFBL diversifies from food to power". DAWN.COM.
- ^ Hussain, Dilawar (November 23, 2014). "Fauji Fertiliser to enter food processing industry". DAWN.COM.
- "Fauji Foods losses continue, despite revenue growth". Profit by Pakistan Today. February 6, 2021.
- "Noon Pakistan Limited (NOPK)". November 24, 2015.
- "History of Fauji Foods Limited".
- "FFBL board approves acquisition of Noon Pakistan". www.thenews.com.pk. February 16, 2015.
- "FFBL, Fauji Foundation to acquire Noon Pakistan". The Express Tribune. March 28, 2015.
- Ali, Meiryum (2020-12-05). "Fauji Fertilizer Bin Qasim to bail out Fauji Foods with Rs3.5 billion loan – yet again". Profit by Pakistan Today. Retrieved 2020-12-11.
- "China's Yili Group expresses intent to acquire Fauji Foods". The Express Tribune. August 1, 2018.
- "Chinese industrial group withdraws intention to acquire Fauji Foods". The Express Tribune. April 30, 2019.
- "Fauji Foods acquires subsidiaries". The News International.
- ^ D’Souza, Vanessa (August 28, 2018). "Breakfast at Fauji's". Aurora Magazine.
| Fauji Foundation | |
|---|---|
| Managing directors | |
| Businesses | |
| Education | |
| Healthcare | |
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