Fauji Foods Limited, () formerly known as Noon Pakistan Limited, is a Pakistani food company which is a subsidiary of Pakistani conglomerate company
Fauji Foundation
Fauji Foundation ( ur, ), lit. ''Soldier Foundation''), (also known as Fauji Group) is a Pakistani conglomerates company which is active in fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial ...
, owned by
Pakistan Army.
The company is known for its dairy products and brands such as ''Nurpur'', and ''Dostea''. The company is based in
Lahore
Lahore ( ; pnb, ; ur, ) is the second most populous city in Pakistan after Karachi and 26th most populous city in the world, with a population of over 13 million. It is the capital of the province of Punjab where it is the largest city ...
, Pakistan. It is listed on the
Pakistan Stock Exchange.
History
Noon family
The company was established in 1966 as part of Noon Group by Pakistani political family
Noon family
Noon (or midday) is 12 o'clock in the daytime. It is written as 12 noon, 12:00 m. (for meridiem, literally 12:00 noon), 12 p.m. (for post meridiem, literally "after noon"), 12 pm, or 12:00 (using a 24-hour clock) or 1200 (military time).
Sola ...
. The company shares were formerly held by Pakistani politician
Malik Adnan Hayat Noon and Salman Hayat Noon with 48.9 percent and 25.5 percent respectively.
Fauji Foundation
In 2015, Fauji Foundation acquired Noon Pakistan. Before acquisition, company was in loss for two consecutive years.
In 2018, Chinese company,
Yili Group
Yili Group (; full name: Inner Mongolia Yili Industrial Group Company Limited) is a Chinese dairy products producer headquartered in Hohhot, Inner Mongolia. It is one of China's leading dairy companies alongside Mengniu, and is listed as an A ...
, expressed its intent to buy 51 percent stake in Fauji Foods. Later, in 2019, it has withdrawn its interest.
FFBL Investment
Fauji Fertilizer Bin Qasim will give a loan of Rs. 3.5 billion to Fauji Foods.
References
Fauji Foundation
Food and drink companies of Pakistan
2015 mergers and acquisitions
Companies listed on the Pakistan Stock Exchange
Food and drink companies established in 1966
Companies based in Lahore
Pakistani companies established in 1966
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