Siemens Pakistan

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Siemens Pakistan
Company typePublic
PSX: SIEM
IndustryEngineering industry
Founded1953[1]
Headquarters
Karachi
,
Pakistan
Area served
Nationwide
Key people
Bernhard Niessing
Chairman
Marcus Erich Strohmeier
MD
Umer Jalil Anwer
CFO[2]
ProductsCommunication systems, power generation technology, industrial and buildings automation, lighting, medical technology, railway vehicles, water treatment systems, home appliances, fire alarms, PLM software
ServicesBusiness services, financial engineering, project and construction management
RevenueIncrease€138.3 million
Increase€136.9 million
Number of employees
~697
ParentSiemens
Websitewww.siemens.com.pk

Siemens (Pakistan) Engineering Company Limited (سی مینز (پاکستان) انجینیرنگ کمپنی لمیٹڈ) is an engineering conglomerate and financial services contractor headquartered in Karachi, Pakistan.[3] It has multiple regional offices all over the country.

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[edit]

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 privitization 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[edit]

  • Power and gas[18]
  • Wind and renewable power[18]
  • Power generation services[18]
  • Energy management[18]
  • Mobility[18]
  • Digital factory[18]
  • Process industries and drive[18]
  • Healthcare[18]

References[edit]

  1. ^ "Siemens (Pakistan) Engineering Co. LTD. | Devex".
  2. ^ "Corporate Governance". Corporate Governance. Retrieved 26 August 2014.
  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. ^ a b c d "Siemens in Pakistan since 1922". Brecorder. October 18, 2006.
  7. ^ "Siemens Pakistan: Rightful place among the top 25". Brecorder. December 3, 2004.
  8. ^ 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)
  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. ^ Correspondent, Our Equities (March 4, 2014). "Siemens to sell transformer business". DAWN.COM.
  17. ^ "Siemens to sell assets in Karachi". transformers-magazine.com.
  18. ^ a b c d e f g h i Hussain, Dilawar (August 3, 2015). "Siemens' focus on core business". DAWN.COM.
  19. ^ Correspondent, Our Equities (December 20, 2015). "Siemens Pakistan to spin off healthcare business". DAWN.COM.
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