Karachi, Johnson and Phillips (Pakistan) Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on October 01, 2018 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2018.
Further, the company has declared the closed period from September 24, 2018 to October 01, 2018.
“After the creation of Pakistan in 1947, J&P was the first foreign company to open a sales office in the country. In 1948, J&P opened a small sales office in Karachi. By 1949, J&P had built two production bays and an office block at Sindh Industrial trading Estates, Karachi where it commenced the manufacture of low tension Switchboards incorporating imported circuit breakers and switch-fuses. In 1954, work started on two new productions bays and these were completed early the following year. Jigs were imported and machinery bought to extend the range of manufacture to High Tension Switchboards.
J&P, a pioneer in the electrical development of Pakistan was the first company to manufacture H.T. Oil Circuit Breakers in country, in 1961. In 1958 a further production bay was added to the existing J&P factory, and in September 1961, Some more machinery-jigs, tools and fixtures, were installed at the new production unit and the manufacture of High tension Oil Circuit breakers were commenced. The first two circuit breakers were manufactured in Pakistan were sent to the independent short Circuit Test Station of K.E.M.A. in Holland where they successfully passed the stringent Short Circuit Test to the latest British standards.
In 1968, the J&P product range was diversified to include Distribution Transformers. A unit for the manufacture of Distribution Transformers was added to our factory in 1968. Orders were immediately received from electricity Authorities in Pakistan – WAPDA and the Karachi Electricity Supply Corporation. J&P equipment supplied in 1968 to K-Electric and WAPDA is still operating satisfactory.
The symbol “JOPP” is being used by the stock exchange for the shares of Johnson and Phillips (Pakistan) Limited.”
Category: Board Meetings