Lahore November 14 2024: Fauji Foods Limited is in process of exporting Pakistan Buffalo milk to China in collaboration with Royal group of China, states management in corporate briefing.
“Fauji Foods has made an agreement with the Royal group of China for buffalo milk export” states Minal Mumtaz analyst at Foundation Securities in its research note.
“For the same, the Chinese group has already installed and commissioned their own packing machine at the FFL plant and the approvals for export are in final stages. Management believes they will start exporting milk to China before the end of CY24” she added.
By 2029, the company plans to scale up revenues to PKR 100 billion. The company is also the exclusive manufacturing partner for the Chief Minister Punjab Milk Program.
In February 2024, Fauji Foods acquired Fauji Cereal business and Fauji Infraavest business which primarily manufactured pasta. The product is planned to be launched soon as “Opa Pasta” which the management decides to market under their established brand name.
