Footnotes / references Financials as of 30 June 2023[update][2]
Fauji Foods Limited, (Urdu: فوجی فوڈز) formerly known as Noon Pakistan 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2018, Chinese company, Yili Group, expressed its intent to buy 51 percent stake in Fauji Foods.[12] Later, in 2019, it withdrawn its interest.[13]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 of United Kingdom.[15] Quaker Oats designed the facility of Fauji Cereals and supplying 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]
