Fauji Foods

Fauji Foods
FormerlyNoon Pakistan Limited (1966–2016)
TypePublic
PSX: FFL
IndustryFood processing
Dairy
Founded1966; 60 years ago (1966)
HeadquartersLahore, Pakistan
Area served
Pakistan
Key peopleHaseeb Aslam (CEO)
ProductsMilk, butter, cheese, ghee, tea whitener, juices, breakfast cereals
BrandsNurpur
Dostea
RevenueIncrease Rs. 19.809 billion (US$71 million) (2023)
Increase Rs. 936.507 million (US$3.3 million) (2023)
Increase Rs. 605.111 million (US$2.2 million) (2023)
Total equityIncrease Rs. 14.055 billion (US$50 million) (2023)
OwnerFauji Fertilizer Company (66.29%)
FFBL Power Company (15.87%)
ParentFauji Fertilizer Company
SubsidiariesFauji Infraavest Foods
Fauji Cereals
Websitefaujifoods.com
Footnotes
Financials as of 30 June 2023

Fauji Foods Limited (Urdu pronunciation: [ˈfaʊ.dʒi fuːdz] FOW-jee-FOODS) is a Pakistani food company based in Lahore. It is part of Fauji Foundation.

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 by Noon family who had been in business at Bhalwal, in Sargodha District, since 1911, running a ginning factory there, and opened Noon Sugar Mills in 1964.

In 1970, Noon Pakistan was listed on the Karachi Stock Exchange. In 1972, it began commercial operations, and by 1973 its plant at Bhalwal was producing butter, cheese and milk powder. Its dairy products were sold across Pakistan under the Nurpur brand.

In 2015, Fauji Fertilizer Bin Qasim acquired Noon Pakistan. Before acquisition, the company shares were held by Pakistani politician Malik Adnan Hayat Noon and Salman Hayat Noon with 48.9 percent and 25.5 percent respectively, and it 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 withdrew 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. Quaker Oats designed the facility of Fauji Cereals and supplied 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

  1. ↑ Iqbal, Ahsan. "Our Leadership". Archived from the original on 3 August 2019. Retrieved 15 July 2020.
  2. ↑ "Fauji Foods Annual Report 2023" (PDF). Archived (PDF) from the original on 18 May 2024. Retrieved 18 May 2024.
  3. ↑ Mangi, Faseeh; Marlow, Iain; Kay, Chris (14 August 2017). "Army-Owned Firm Seeks to Double Share in Pakistan Dairy Market". Bloomberg.
  4. ↑ Hussain, Dilawar (4 May 2015). "FFBL diversifies from food to power". DAWN.COM. Archived from the original on 3 August 2019. Retrieved 3 August 2019.
  5. 1 2 Hussain, Dilawar (23 November 2014). "Fauji Fertiliser to enter food processing industry". DAWN.COM.
  6. ↑ "Fauji Foods losses continue, despite revenue growth". Profit by Pakistan Today. 6 February 2021. Archived from the original on 13 November 2021. Retrieved 13 November 2021.
  7. ↑ "Noon Pakistan Limited (NOPK)". 24 November 2015.
  8. ↑ "History of Fauji Foods Limited". Archived from the original on 2 April 2026. Retrieved 7 October 2026.
  9. 1 2 Siddiqui, Hussain Ahmad (23 May 2022). "Economic footprints". The News International.
  10. ↑ Mercury's Industrial Year Book of Pakistan. 1973.
  11. ↑ Directorate of Industries and Commerce, West Pakistan (1969). Directory of Industrial Establishments in West Pakistan. Superintendent, Government Printing, West Pakistan.
  12. ↑ "FFBL board approves acquisition of Noon Pakistan". The News International. 16 February 2015. Archived from the original on 18 March 2016. Retrieved 3 August 2019.
  13. ↑ "FFBL, Fauji Foundation to acquire Noon Pakistan". The Express Tribune. 28 March 2015.
  14. ↑ 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. Archived from the original on 7 December 2020. Retrieved 11 December 2020.
  15. ↑ "China's Yili Group expresses intent to acquire Fauji Foods". The Express Tribune. 1 August 2018. Archived from the original on 6 August 2018. Retrieved 3 August 2019.
  16. ↑ "Chinese industrial group withdraws intention to acquire Fauji Foods". The Express Tribune. 30 April 2019.
  17. ↑ "Fauji Foods acquires subsidiaries". The News International.
  18. 1 2 3 4 5 D’Souza, Vanessa (28 August 2018). "Breakfast at Fauji's". Aurora Magazine. Archived from the original on 22 February 2025. Retrieved 22 October 2024.