HUL to Withdraw Knorr Noodles; Stock up

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Hindustan Unilever reported that it has decided to withdraw its Chinese range of instant noodles.

The company has submitted an application with FSSAI for product approval for the Knorr Chinese range of instant noodles in February 2015 and the same is pending approval.

Maggi Impact: HUL to Withdraw Knorr Noodles, Stock up
Hindustan Unilever: Quotes, News
BSE 1352.10BSE Quote5.05 (0.37%)
NSE 1351.50NSE Quote3.6 (0.27%)

HUL has decided to stop production and sale of its Chinese range of instant noodles till such time as its application is approved by FSSAI, the company said in the BSE filing.

HUL has last week conducted additional testing of its noodles range of products from external FSSAI approved laboratory.

All these tests show that the Chinese noodles range of products are safe for consumption and continue to meet all regulatory norms, added further.

The company said that the discontinuance of manufacturing and sale of Chinese instant noodles is not on account of any safety or quality concerns. 

The stock of the company were trading at Rs 827 higher by 0.90 per cent on BSE at 12.10 pm IST. It touched an intra-day high of Rs 836 during the trade.

Read more about: hindustan unilever
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