Siemens (Pakistan) Engineering Company Limited (Urdu: سیمنز پاکستان) is a Pakistani engineering services company headquartered in Karachi.[3] It is a subsidiary of Siemens AG.
 | |
| Company type | Public |
|---|---|
| PSX: SIEM | |
| Industry | Engineering |
| Founded | 1953 |
| Headquarters | , |
Area served | Pakistan |
Key people | Bernhard Niessing Chairman Marcus Erich Strohmeier MD Umer Jalil Anwer CFO[1] |
| Products | Communication systems, power generation technology, industrial and buildings automation, lighting, medical technology, railway vehicles, water treatment systems, home appliances, fire alarms, PLM software |
| Services | Business services, financial engineering, project and construction management |
| Revenue |  Rs. 29.351 billion (US$100 million) (2023) |
 Rs. 2.554 billion (US$8.8 million) (2023) | |
| Rs. 970.844 billion (US$3.4 billion) (2023) | |
| Total assets | Rs. 38.850 billion (US$130 million) (2023) |
| Total equity | Rs. 7.789 billion (US$27 million) (2023) |
| Owner | Siemens AG (88.51%) |
Number of employees | 498 (2023) |
| Parent | Siemens |
| Website | siemens |
| Footnotes / references Financials as of 30 September 2023[update] [2] | |
Active since 1953, Siemens Pakistan is one of the largest providers of engineering services and management in the country, with overseeing ongoing projects in healthcare, defence development, energy,[4] telecommunications, computer expansion and heavy construction management.[5]
History
editSiemens presence in the region dates back to 1870 with the construction of the Indo-European telegraph line from London to Calcutta. Siemens established its first office in the area now known as Pakistan in 1922.[6][7]
In 1952, Siemens formed a joint venture with the Government of Pakistan to establish the Telephone Industries of Pakistan (TIP), a telephone equipment manufacturing company, with 30 percent stake.[8][9] TIP produced rotary telephones branded with "TIP" on their dials, which were commonly used in many Pakistani households during the 1990s and earlier.[8] These telephones were manufactured at the TIP facility in Haripur, which was established with Siemens' assistance.[8] Siemens formally incorporated its subsidiary in Pakistan as a private limited company in 1953, and later reorganized as a public limited company in 1963.[6] When founded, Siemens Pakistan was originally focused on providing the network of communications, but its role in the energy sector has grown since 1987.[6][10][11]
In July 1978, Siemens was listed on the Karachi Stock Exchange.[8][12]
Since 1997, Siemens has awarded medals to engineering students across Pakistani universities and runs a three-year apprenticeship course in Karachi.[6]
By 2002, over 50 percent of telephone networks in Pakistan were using Siemens Pakistan's EWSD technology.[13]
In 2005, Siemens acquired Carrier Telephone Industries from PTCL under the privatization scheme of the Government of Pakistan.[14][15]
In April 2015, Siemens sold its distribution transformer manufacturing business along with assets of land and building in Sindh Industrial and Trading Estate for $32 million.[16][17]
In August 2015, Siemens Pakistan decided to transfer its healthcare business sector to a private limited company headquartered in Lahore, Pakistan.[18] In December 2015, healthcare business ownership was transferred to the German company Siemens Healthcare.[19]
Services
editReferences
edit- ^ "Corporate Governance". Corporate Governance. Retrieved 26 August 2014.
- ^ "Siemens Pakistan Annual Report 2023". Retrieved 29 August 2024.
- ^ "Siemens Pakistan profile". Siemens Pakistan profile. Retrieved 26 August 2014.
- ^ "Siemens Energy Sector". Siemens Energy Sector. Retrieved 26 August 2014.
- ^ "Siemens Pakistan". Siemens Pakistan. Retrieved 26 August 2014.
- ^ a b c d "Siemens in Pakistan since 1922". Brecorder. October 18, 2006.
- ^ "Siemens Pakistan: Rightful place among the top 25". Brecorder. December 3, 2004.
- ^ a b c d Tirmizi, Taimoor Hassan, Farooq (April 22, 2019). "Pakistanis are starting to spend more on healthcare. Siemens is counting on it". Profit by Pakistan Today.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "Phone factory facing closure". DAWN.COM. July 10, 2006.
- ^ "Milestons of Siemens Pakistan". Milestons of Siemens Pakistan. Retrieved 26 August 2014.
- ^ "Technological solutions by Siemens Engineering". Technological solutions by Siemens Engineering. Retrieved 26 August 2014.
- ^ "Karachi Stocks | Live SIEM". khistocks.com.
- ^ "Siemens delivers technology to PTCL". DAWN.COM. July 11, 2002.
- ^ "Sale of 8016 PTCL shares in CTI to Siemens approved". Brecorder. September 13, 2005.
- ^ "Siemens to bid for PTCL subsidiary". DAWN.COM. July 28, 2004.
- ^ "Siemens to sell transformer business". DAWN.COM. March 4, 2014.
- ^ "Siemens to sell assets in Karachi". transformers-magazine.com.
- ^ a b c d e f g h i Hussain, Dilawar (August 3, 2015). "Siemens' focus on core business". DAWN.COM.
- ^ "Siemens Pakistan to spin off healthcare business". DAWN.COM. December 20, 2015.