PEL (company)
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| Company type | Public |
|---|---|
| PSX: PAEL KSE 100 component | |
| Industry | Electronics |
| Founded | 1956 |
| Headquarters | Lahore, Punjab, Pakistan |
Area served | Pakistan |
Key people | |
| Products | Refrigerators, Air conditioners, Microwave Ovens, Water Dispensers, Transformers, Switchgear and Energy Meters |
| Revenue |  Rs. 66.02 billion (US$230 million)[1] (2022) |
| Rs. 5.43 billion (US$19 million)[1] (2022) | |
 Rs. 1.06 billion (US$3.7 million)[1] (2022) | |
| Total assets | Rs. 67.41 billion (US$230 million)[1] (2022) |
| Total equity | Rs. 38.95 billion (US$130 million)[1] (2022) |
| Parent | Saigol Group |
| Website | www |
Pak Elektron Limited (PEL) (Urdu: پاک الیکٹران لمیٹڈ) is a Pakistani major home appliances and electrical equipment manufacturer headquartered in Lahore.[2]
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.[3][4]
History
[edit]PEL was founded in 1956 through a 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.
In 2020, PEL became a distributor of Panasonic products in Pakistan.[5]
Appliances Division
[edit]PEL’s Appliances Division is the flag carrier of the Saigol Group involved in home appliances manufacturing.
PEL Air
[edit]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. Recognizing the shift in consumers' preference from window-type to split-type air conditioners, PEL has focused its manufacturing efforts on split-type air conditioners.
PEL Refrigerators
[edit]The manufacturing of refrigerators started in 1986-87 in technical collaboration with M/s IAR-SILTAL of Italy. Like air conditioners, PEL's refrigerators are also in great demand. Today, PEL Crystal has 30% market share across Pakistan.
PEL Deep Freezers
[edit]PEL deep freezer was introduced in 1987 in technical collaboration with M/s Ariston Thermo of Italy.
Power Division
[edit]PEL's Power Division consists of three main products:
References
[edit]- ^ a b c d e "PEL Annual Report 2022" (PDF). pel.com.pk. Retrieved 6 December 2023.
- ^ "Corporate results: Pak Elektron's earnings increase 84%". The Express Tribune. 1 September 2015. Retrieved 31 October 2016.
- ^ "Pak Elektron Limited | Business Recorder". Business Recorder. Retrieved 31 October 2016.
- ^ "A story of recovery after years of frozen growth - The Express Tribune". The Express Tribune. 5 September 2015. Retrieved 31 October 2016.
- ^ Reporter, The Newspaper's Staff (2 June 2020). "Panasonic, PEL partner up". DAWN.COM.
- ^ a b c Hussain, Dilawar (20 April 2015). "PEL's expanding market". DAWN.COM.
External links
[edit]
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- Saigol Group
- Manufacturing companies established in 1956
- Consumer electronics brands
- Electronics companies of Pakistan
- Electrical engineering companies of Pakistan
- Home appliance manufacturers of Pakistan
- Companies listed on the Pakistan Stock Exchange
- Companies in the KSE 100 Index
- Pakistani brands
- Electric transformer manufacturers
- 1978 mergers and acquisitions
- Pakistani companies established in 1956
- Pakistani company stubs