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.
 | |
| Company type | Public |
|---|---|
| PSX: SIEM | |
| Industry | Engineering industry |
| Founded | 1953[1] |
| Headquarters | , |
Area served | Nationwide |
Key people | Bernhard Niessing Chairman Marcus Erich Strohmeier MD Umer Jalil Anwer CFO[2] |
| 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 |  €138.3 million |
| €136.9 million | |
Number of employees | ~697 |
| Parent | Siemens |
| Website | www |
History
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]
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] 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.[7]
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.[8][9]
In August 2015, Siemens Pakistan decided to transfer its healthcare business sector to a private limited company headquartered in Lahore, Pakistan.[10]
In December 2015, healthcare business ownership was transferred to the German company Siemens Healthcare.[11]
Services
References
- ^ https://www.devex.com/organizations/siemens-pakistan-engineering-co-ltd-40738
- ^ "Corporate Governance". Corporate Governance. Retrieved 26 August 2014.
- ^ "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.
- ^ "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.
- ^ Correspondent, Our Equities (March 4, 2014). "Siemens to sell transformer business". DAWN.COM.
{{cite web}}:|last=has generic name (help) - ^ "Siemens to sell assets in Karachi". transformers-magazine.com.
- ^ Hussain, Dilawar (August 3, 2015). "Siemens' focus on core business". DAWN.COM.
- ^ Correspondent, Our Equities (December 20, 2015). "Siemens Pakistan to spin off healthcare business". DAWN.COM.
{{cite web}}:|last=has generic name (help) - ^ a b c d e f g h Hussain, Dilawar (August 3, 2015). "Siemens' focus on core business". DAWN.COM.