Siemens Pakistan

Last updated
Siemens Pakistan
Company type Public
PSX:  SIEM
Industry Engineering
Founded1953
Headquarters
Karachi
,
Pakistan
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
RevenueIncrease2.svgRs. 29.351 billion (US$100 million) (2023)
Decrease2.svgRs. 2.554 billion (US$8.8 million) (2023)
Decrease2.svgRs. 970.844 billion (US$3.4 billion) (2023)
Total assets Increase2.svgRs. 38.850 billion (US$130 million) (2023)
Total equity Increase2.svgRs. 7.789 billion (US$27 million) (2023)
Owner Siemens AG (88.51%)
Number of employees
498 (2023)
Parent Siemens
Website siemens.com.pk
Footnotes /references
Financials as of 30 September 2023 [2]

Siemens (Pakistan) Engineering Company Limited is a Pakistani engineering services company headquartered in Karachi. [3] It is a subsidiary of Siemens AG.

Contents

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

Siemens 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

Related Research Articles

<span class="mw-page-title-main">Pakistan State Oil</span> Pakistani state-owned oil company

Pakistan State Oil is a Pakistani petroleum corporation involved in marketing and distribution of petroleum products. It has a network of 3,689 petroleum filling stations, out of which 3500 outlets serve the public retail sector and 189 outlets serve wholesale bulk customers. It is the largest fuel marketing company of Pakistan.

<span class="mw-page-title-main">Telenor Pakistan</span> Telephone operator company

Telenor Pakistan (Pvt.) Limited is a Pakistani wireless network operator headquartered in Islamabad, Pakistan. Khurrum Ashfaque is the current chief executive officer (CEO).

<span class="mw-page-title-main">Hub Power Company</span> Electric power company in Pakistan

The Hub Power Company Limited, colloquially known as Hubco, is a Pakistani power company based in Karachi, Sindh. It was the first independent power producer (IPP) established in Pakistan, and before the termination of its energy agreement in October 2024, it was the largest IPP in the country.

<span class="mw-page-title-main">Pakistan Industrial Development Corporation</span> Pakistani government-run corporation

Pakistan Industrial Development Corporation (PIDC) is a state corporation of Pakistan working under Ministry of Industries and Production.

<span class="mw-page-title-main">PTCL</span> Pakistani telecommunication company

Pakistan Telecommunication Company Ltd., commonly known as PTCL, is the national telecommunication company in Pakistan. PTCL provides telephone and internet services nationwide and is the backbone for the country's telecommunication infrastructure. The corporation manages and operates around 2000 telephone exchanges across the country, providing the largest fixed-line network. Data and backbone services such as GSM, HSPA+, CDMA, LTE, broadband internet, IPTV, and wholesale are an increasing part of its business.

<span class="mw-page-title-main">Lucky Core Industries</span> Pakistani chemical company

Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.

Colgate-Palmolive Pakistan, formerly known as National Detergents Limited is a Pakistani consumer goods company which is a subsidiary of American multinational company Colgate-Palmolive. It was founded in 1977 and is based in Karachi, Pakistan.

<span class="mw-page-title-main">Fauji Foundation</span> Conglomerate based in Rawalpindi

Fauji Foundation, also known as Fauji Group, is a Pakistani conglomerate company based in Rawalpindi. It is active in fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial services, security services and provides womb-to-tomb benefits to retired servicemen of Pakistan Armed Forces and their families.

Hinopak Motors is a Pakistani truck and bus assembler based in Karachi. It is a subsidiary of Hino Motors. Its assembly plant is located at S.I.T.E Industrial Area.

Wafi Energy Pakistan Limited, doing business as Shell, is a Pakistani oil marketing company based in Karachi. It is a subsidiary of Wafi Energy Holding, a Saudi Arabian oil and gas company. Previously, it was a part of Shell plc.

<span class="mw-page-title-main">WorldCall</span>

WorldCall Telecom Limited is a Pakistani telecommunication and multimedia service provider based in Lahore, Pakistan. It is listed on the Pakistan Stock Exchange.

GlaxoSmithKline (GSK) Pakistan is a Pakistani pharmaceutical company which is a subsidiary of British company GSK. It is the largest pharmaceutical company in Pakistan.

<span class="mw-page-title-main">Lucky Cement</span> Pakistani conglomerate based in Karachi

Lucky Cement Limited, also known as Lucky Group, is a Pakistani conglomerate headquartered in Karachi, Sindh. Named after the place, Lakki Marwat, where the first plant was commissioned in 1993, Lucky has become one of the largest cement producers in Pakistan. It has 15.3 million tonnes per annum of manufacturing capacity. The company is listed on the Pakistan Stock Exchange.

<span class="mw-page-title-main">Fauji Fertilizer Company</span> Fertilizer company of Pakistan

Fauji Fertilizer Company Limited (FFC) is a Pakistani fertilizer manufacturer based in Rawalpindi. It is a subsidiary of the Fauji Foundation.

<span class="mw-page-title-main">Engro</span> Pakistani conglomerate based in Karachi

Engro Corporation Limited is a Pakistani conglomerate headquartered in Karachi. Its businesses include energy, petrochemicals, fertilizers, port terminals, and telecommunications towers.

<span class="mw-page-title-main">Economy of Islamabad</span>

Islamabad is the capital of Pakistan and a net contributor to the Pakistani economy. Whilst having only 0.8% of the country's population, it contributes 1% to the country's GDP. The Islamabad Stock Exchange, founded in 1989, is Pakistan's third largest stock exchange after Karachi Stock Exchange and Lahore Stock Exchange. The exchange has 118 members with 104 corporate bodies and 18 individual members. The average daily turnover of the stock exchange is over 1 million shares. As of 2012, Islamabad LTU was responsible for Rs 371 billion in tax revenue, which amounts to 20% of all the revenue collected by the Federal Board of Revenue (FBR) as of 2012.

<span class="mw-page-title-main">Sazgar</span> Pakistani automotive manufacturer

Sazgar Engineering Works Limited is a Pakistani automotive assembler headquartered in Lahore. It specialises is the manufacturing and sale of automobiles, automotive parts, and household electric appliances.

Engro Fertilizers is a Pakistani fertiliser manufacturing company headquartered in Karachi with its manufacturing facility located at Daharki, and a facility located at Port Qasim as well. It is a subsidiary of Engro Corporation. It has 35% market share of the Pakistani fertilizer market as of 2023.

Engro Polymer & Chemical Limited (EPCL) is a Pakistani polymer manufacturing company based in Karachi, Pakistan. It is a subsidiary of Engro Corporation with a local market share of more than 70%.

<span class="mw-page-title-main">Jubilee Insurance (Pakistan)</span> Pakistani general and life insurance company

Jubilee Insurance is a Pakistani general and life insurance company headquartered in Karachi. It is a subsidiary of Swiss for-profit organization Aga Khan Fund for Economic Development. As of 2016, it was one of the largest insurance companies in Pakistan.

References

  1. ↑ "Corporate Governance". Corporate Governance. Retrieved 26 August 2014.
  2. ↑ "Siemens Pakistan Annual Report 2023" . Retrieved 29 August 2024.
  3. ↑ "Siemens Pakistan profile". Siemens Pakistan profile. Retrieved 26 August 2014.
  4. ↑ "Siemens Energy Sector". Siemens Energy Sector. Retrieved 26 August 2014.
  5. ↑ "Siemens Pakistan". Siemens Pakistan. Retrieved 26 August 2014.
  6. 1 2 3 4 "Siemens in Pakistan since 1922". Brecorder. October 18, 2006.
  7. ↑ "Siemens Pakistan: Rightful place among the top 25". Brecorder. December 3, 2004.
  8. 1 2 3 4 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)
  9. ↑ "Phone factory facing closure". DAWN.COM. July 10, 2006.
  10. ↑ "Milestons of Siemens Pakistan". Milestons of Siemens Pakistan. Retrieved 26 August 2014.
  11. ↑ "Technological solutions by Siemens Engineering". Technological solutions by Siemens Engineering. Retrieved 26 August 2014.
  12. ↑ "Karachi Stocks | Live SIEM". khistocks.com.
  13. ↑ "Siemens delivers technology to PTCL". DAWN.COM. July 11, 2002.
  14. ↑ "Sale of 8016 PTCL shares in CTI to Siemens approved". Brecorder. September 13, 2005.
  15. ↑ "Siemens to bid for PTCL subsidiary". DAWN.COM. July 28, 2004.
  16. ↑ "Siemens to sell transformer business". DAWN.COM. March 4, 2014.
  17. ↑ "Siemens to sell assets in Karachi". transformers-magazine.com.
  18. 1 2 3 4 5 6 7 8 9 Hussain, Dilawar (August 3, 2015). "Siemens' focus on core business". DAWN.COM.
  19. ↑ "Siemens Pakistan to spin off healthcare business". DAWN.COM. December 20, 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.