Siemens Pakistan Engineering Company Limited has been in here since pre-partition days. The company had its first office of the subcontinent in Lahore in 1922. Its footprint in Pakistan started with first cable laying project in Karachi. The firm was incorporated as public limited company 1963 when it established a factory for motors and transformers in addition to the production of switchboards. Later in 1976, the firm introduced diesel generating sets.
In the entire eighties, Siemens Pakistan was involved in the production of 30MVA power transformers, which were extended to 60MVA in 1987. The engineering firm made another breakthrough in 1996 and 1998 when it was able to successfully set-up 412MW combined cycle Rousche Power Plant, and became the first value-added seller of SAP. In 2000s, Siemens Pakistan completed the first load dispatch centre for K-Electric. It brought in the 250kV transformers in Pakistan, and continued grid stations for K-Electric, WAPDA and DEWA Dubai.
The firm has also been successful in completing commissioning of Sawan and Kandhkot gas compression trains, equipping of Al Razi Medical Diagnostic Centre with imaging equipment, and getting a contract for airfield lighting for Benazir Bhutto International Airport.
Later in 2012, the firm armed Karachi's largest mall - Dolmen Malls - with safety, security & building management technology. As far as its business segments are concerned, it has four sectors with 16 divisions. Within the energy sector, it has divisions for power generation, wind power, power transmission and energy services. The healthcare segment involves imaging and therapy systems, clinical products, and diagnostics and customer solutions, while its industry divisions consist of industry automation, technologies, and customer service. Another vital segment of Siemens Pakistan is the infrastructure & cities which consists of building technologies, rail systems, mobility and logistics, and smart grids. Of these segments, energy sector has been the forerunner of whatever growth the company has witnessed in the past 4-5 years.
Past performance
Siemens Pakistan Engineering Company Limited has been in rougher time lately as revenues and profits over the last five years have been on a steep decline. Similar trend has been seen in exports, new orders, and contracts outside of Pakistan. Net turnover and annual orders have halved, while the firm has moved from yearly profit of over a billion rupees in 2009 to a loss of almost a million for the year ended September 30, 2013.