Unity Foods

Last updated

Unity Foods
Company type Public
PSX:  UNITY
KSE 100 component
ISIN PK0068801015
Industry Fast-moving consumer goods
Founded1991;35 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
RevenueIncrease2.svgRs. 100.870 billion (US$350 million) (2023)
Decrease2.svgRs. 3.878 billion (US$13 million) (2023)
Decrease2.svgRs. 675.091 million (US$2.3 million) (2023)
Total assets Increase2.svgRs. 77.549 billion (US$270 million) (2023)
Total equity Increase2.svgRs. 21.307 billion (US$74 million) (2023)
OwnerWilmar Pakistan Holdings (34.84%)
Unity Wilmar Agro (14.08%)
Number of employees
577 (2023)
Website unityfoods.pk
Footnotes /references
Financials as of 30 June 2023 [2]

Unity Foods Limited, formerly known as Taha Spinning Mills, is a Pakistani food company headquartered in Karachi. [3] It is partially-owned (49%) by Singaporean multinational company, Wilmar International. [4]

Contents

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. 1 2 3 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. 1 2 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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