Siemens Pakistan

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Siemens Pakistan
TypePublic
PSX: SIEM
IndustryEngineering industry
Founded1922
Headquarters
Karachi,
,
Pakistan
Area served
Nationwide
Key people
Bernhard Niessing
Chairman
Marcus Erich Strohmeier
MD
Umer Jalil Anwer
CFO[1]
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.[2] It has multiple regional offices all over the country.

Active since 1947, 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,[3] telecommunications, computer expansion and heavy construction management.[4]

When founded, Siemens Pakistan was originally focused on providing the network of communications, but its role in the energy sector has grown since 1987.[5] In 2011–12, Siemens Engineering generated its profit margin to ~€138.3 million in its investments in the energy sector. Its original corporate programme is to provide engineering and technological solutions in energy, healthcare, infrastructure and construction industry.[6]

History[]

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.[7][8]

In August 2015, Siemens Pakistan decided to transfer its healthcare business sector to a private limited company headquartered in Lahore, Pakistan.[9]

In December 2015, healthcare business ownership was transferred to the German company Siemens Healthcare.[10]

References[]

  1. ^ "Corporate Governance". Corporate Governance. Retrieved 26 August 2014.
  2. ^ "Siemens Pakistan profile". Siemens Pakistan profile. Retrieved 26 August 2014.
  3. ^ "Siemens Energy Sector". Siemens Energy Sector. Retrieved 26 August 2014.
  4. ^ "Siemens Pakistan". Siemens Pakistan. Retrieved 26 August 2014.
  5. ^ "Milestons of Siemens Pakistan". Milestons of Siemens Pakistan. Retrieved 26 August 2014.
  6. ^ "Technological solutions by Siemens Engineering". Technological solutions by Siemens Engineering. Retrieved 26 August 2014.
  7. ^ Correspondent, Our Equities (March 4, 2014). "Siemens to sell transformer business". DAWN.COM.
  8. ^ "Siemens to sell assets in Karachi". transformers-magazine.com.
  9. ^ Hussain, Dilawar (August 3, 2015). "Siemens' focus on core business". DAWN.COM.
  10. ^ Correspondent, Our Equities (December 20, 2015). "Siemens Pakistan to spin off healthcare business". DAWN.COM.
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