BrandWikiReturn

Fauji Foods

Fauji Foods Limited is a Pakistani food company which is a subsidiary of Fauji Fertilizer Company.[3] It is based in Lahore, Pakistan.

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]

References

  1. Ahsan Iqbal. Our Leadership^
  2. Fauji Foods Annual Report 2023 retrieved 18 May 2024^
  3. Faseeh Mangi, Iain Marlow, Chris Kay. Army-Owned Firm Seeks to Double Share in Pakistan Dairy Market Bloomberg, 14 August 2017^
  4. Dilawar Hussain. FFBL diversifies from food to power DAWN.COM, 4 May 2015^
  5. Dilawar Hussain. Fauji Fertiliser to enter food processing industry DAWN.COM, 23 November 2014^
  6. Fauji Foods losses continue, despite revenue growth Profit by Pakistan Today, 6 February 2021^
  7. Noon Pakistan Limited (NOPK) 24 November 2015^
  8. History of Fauji Foods Limited^
  9. FFBL board approves acquisition of Noon Pakistan www.thenews.com.pk, 16 February 2015^
  10. FFBL, Fauji Foundation to acquire Noon Pakistan The Express Tribune, 28 March 2015^
  11. Meiryum Ali. Fauji Fertilizer Bin Qasim to bail out Fauji Foods with Rs3.5 billion loan – yet again Profit by Pakistan Today, 2020-12-05, retrieved 2020-12-11^
  12. China's Yili Group expresses intent to acquire Fauji Foods The Express Tribune, 1 August 2018^
  13. Chinese industrial group withdraws intention to acquire Fauji Foods The Express Tribune, 30 April 2019^
  14. Fauji Foods acquires subsidiaries The News International^
  15. Vanessa D’Souza. Breakfast at Fauji's Aurora Magazine, 28 August 2018^