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PEL (company)

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Pak Elektron Limited
Company typePublic
IndustryElectronics and Digital Appliances
Founded1956
HeadquartersLahore, Pakistan
Area served
Pakistan
Key people
Mr. Naseem Saigol (CEO), Mr. Murad Saigol, Mr. Zeid Saigol
ProductsRefrigerators, Air conditioners, Microwave Ovens, Water Dispensers, Transformers, Switchgear and Energy Meters
RevenueIncrease US$ 279.97 million (2015)
ParentSaigol Group
WebsitePEL Pakistan

Pak Elektron Limited (PEL) is Pakistani engineering corporation which manufactures major home appliance's and electrical equipment.[1]

Founded in 1956, with technical collaboration with AEG. In 1978, PEL was acquired by Saigol Group and was taken public a decade later. Over the years, PEL has formed alliances with several international giants including General Electric, Fujitsu and Hitachi. The company also became the sole distributor of LG Corporation's home appliances in 2009. PEL operates in two segments - power and appliances. The former includes manufacturing of transformers, grid stations and energy meters among other goods, while the latter division deals in making, assembling and distribution of home appliances like refrigerators and air conditioner.[2][3]

Appliances Division

PEL’s Appliances Division is the flag carrier of the Saigol Group involved in home appliances manufacturing especially.

PEL Air Conditioners

PEL window-type air conditioners were introduced in 1981 in technical collaboration with General Corporation of Japan. Ever since their launch, PEL air conditioners have a leading position in the market. With the shift of users preference from window type to split type air conditioners, PEL has started manufacturing split-type air conditioners.

PEL Refrigerators

The manufacturing of refrigerators started in 1986-87 in technical collaboration with M/s IAR-SILTAL of Italy. Like the air conditioners, PEL's refrigerators are also in great demand. Today, PEL Crystal has 30% market share.

PEL Deep Freezers

PEL deep freezers were introduced in 1987 in technical collaboration with M/s Ariston of Italy.

Power Division

PEL Power Division consists of three Main Products. These are Energy Meters, Transformers and SwitchGear.

PEL Power Division manufactures energy meters, transformers, switch gears, Kiosks, compact stations, and shunt capacitor banks.

PEL is one of the major electrical equipment suppliers to Water and Power Development Authority (WAPDA) and Karachi Electric (K-Electric), which are the largest power utilities in Pakistan.

References

  1. ^ "Corporate results: Pak Elektron's earnings increase 84% - The Express Tribune". The Express Tribune. 2015-09-01. Retrieved 2016-10-31.
  2. ^ Recorder, Business. "Pak Elektron Limited | Business Recorder". Business Recorder. Retrieved 2016-10-31. {{cite web}}: |first= has generic name (help)
  3. ^ "A story of recovery after years of frozen growth - The Express Tribune". The Express Tribune. 2015-09-05. Retrieved 2016-10-31.
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