Unity Foods

Not to be confused with the Minneapolis retail market store Unity Foods.
Unity Foods
Company typePublic
PSX: UNITY
KSE 100 component
ISINPK0068801015
IndustryFast-moving consumer goods
Founded1991; 33 years ago (1991)
HeadquartersUnity Tower, P.E.C.H.S, Karachi
Area served
Pakistan
Key people
Muhammad Farrukh Amin (CEO)[1]
ProductsSunridge, Dastak, Ehtimam, Lagan, Zauqeen, Unity Oil
RevenueIncrease Rs. 100.870 billion (US$350 million) (2023)
Decrease Rs. 3.878 billion (US$13 million) (2023)
Decrease Rs. 675.091 million (US$2.3 million) (2023)
Total assetsIncrease Rs. 77.549 billion (US$270 million) (2023)
Total equityIncrease Rs. 21.307 billion (US$74 million) (2023)
Number of employees
577 (2023)
ParentWilmar International
Websiteunityfoods.pk
Footnotes / references
Financials as of 30 June 2023 [2]

Unity Foods Limited (Urdu: یونٹی فوڈز), formerly known as Taha Spinning Mills, is a Pakistani food company headquartered in Karachi.[3] It is a subsidiary of Singaporean multinational company, Wilmar International.[4]

Unity Foods produces staples (flour, rice, lentils, pulses), industrial fats and various feed ingredients for poultry and livestock sector.[5]

History

Unity Foods was founded as Taha Spinning Mills in 1991.[6]

In 2018, Unity Foods changed its business from textile to the production of edible oil and refining.[6] [7]

Brands

Subsidiaries

References

  1. ^ "UFL dedicated to addressing issue of food insecurity, malnutrition". The Nation. 27 June 2023. Retrieved 8 July 2023.
  2. ^ "Unity Foods Annual Report 2023". Retrieved 1 August 2024.
  3. ^ "UNITY - Stock quote for Unity Foods Limited". Pakistan Stock Exchange (PSX). Retrieved 8 July 2023.
  4. ^ Research, B. R. (24 January 2024). "Unity Foods Limited". Brecorder.
  5. ^ "Unity Foods Limited". Business Recorder. 21 March 2023. Retrieved 8 July 2023.
  6. ^ a b c Report, Profit (9 March 2020). "Unity Foods: the former textile company that made a killing in edible oils". Profit by Pakistan Today.
  7. ^ "Unity Foods Ltd". www.wsj.com. Wall Street Journal. Retrieved 8 July 2023.
  8. ^ a b Report, Profit (11 July 2020). "Growing pains: Unity Foods raises equity to finance working capital needs". Profit by Pakistan Today.
  9. ^ "Unity Foods to invest nearly Rs5bn in Sunridge Foods subsidiary". Brecorder. 27 March 2023.
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