National Foods Limited
National Foods Limited (نیشنل فوڈز لمیٹڈ) is a Pakistani multinational food products company founded in 1970, which started out as a spice company, and is based in Karachi, Pakistan.[4][5] It is a major food products company in Pakistan.[1][3]
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Type | Public |
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PSX: NATF | |
Industry | Packaged food products Spices |
Founded | 1970Karachi, Pakistan[1] | in
Area served | Pakistan, United States, Canada, Middle East and Asia, Europe/United Kingdom and Africa |
Key people | A. Majid Chairman[2] CEO Abrar Hasan |
Total assets | US $169 million as of 2013[3] |
Number of employees | 235 per unit as of 2019[3][1] |
Website | nfoods |
History
The company was incorporated in Pakistan on 19 February 1970 as a private limited company under the Indian Companies Act, 1913 and subsequently converted into a public limited company under the Companies Ordinance, 1984 by a special resolution passed in the extraordinary general meeting held on March 30, 1988. The company is principally engaged in the manufacture and sale of convenience-based food products. The registered office of the company is situated at 12 / CL - 6, Claremont Road, Civil Lines, Karachi.[1][6]
In 1988, National Foods became the certified vendor of McCormick, United States. In the same year, National Foods, then a Private Limited company was converted into a Public Limited company, traded on all the three stock exchanges of Pakistan. On 11 January 2016, all three former city stock exchanges in Pakistan merged to form Pakistan Stock Exchange.[1]
In 2013, as a company National Foods Limited (Pakistan) was listed on the Forbes List of Asia's 200 Best Under A Billion (2013).[3]
In 2017, National Foods Limited acquired a controlling interest in Canadian company A1 Cash & Carry to further expand its operations across the globe. A1 Cash & Carry is a wholesale distributor of foodservice products, disposables, and sanitation/janitorial products in Canada. This company is partially owned by a Canadian-based Pakistani businessman Amjad Pervaiz.[2]
With a range of over 250 food products in over 10 major categories, National Foods is one of the prominent food companies in Pakistan.[1]
Subsidiaries
Products
Factories
The company operates factories in the following cities:
See also
References
- Business Summary of National Foods Limited on MarketScreener.com website Retrieved 22 December 2020
- National Foods acquires A1 Cash & Carry, Canadian company Daily Times (newspaper), Published 27 January 2017, Retrieved 22 December 2020
- National Foods Limited (Pakistan) listed on the Forbes Asia's 200 Best Under A Billion company Retrieved 22 December 2020
- Hussain, Dilawar (11 November 2001). "National Foods: CORPORATE PROFILE". DAWN.COM.
- Andrew, Marylou (9 June 2015). "Spicing it up – Exploring Pakistan's spice industry". Aurora Magazine.
- Financial Statement of National Foods Limited (Pakistan) on financials.morningstar.com website Retrieved 22 December 2020
- Jamal, Nasir (21 December 2015). "Chasing a vision in changing business environment". DAWN.COM.
- "Contact Us | National Foods". nfoods.com.
- Reporter, The Newspaper's Staff (22 June 2022). "National Foods to set up fifth plant in Faisalabad". DAWN.COM.