Company Info
AAPICO Hitech Public Co., Ltd.
Company Profile
■URL
■Address
99 Moo 1, Hitech Industrial Estate, Tambol Ban Lane, Amphur Bangpa-in, Ayutthaya 13160, Thailand
Business Overview
-The Company is an automotive components supplier based in Thailand that primarily focuses on the manufacturing of metal forming parts, plastic parts, casting parts, forging and machining parts, and tooling (Assembly jigs and stamping dies) for automotive OEMs. It also manufactures digital maps for car navigation systems.
-The Company is organized into the following three business units:
- OEM Auto Parts Manufacturing
- Car Dealerships
- Internet of Things (IoT) Connectivity & Mobility
-The Company’s sales in the OEM Automotive Parts Manufacturing unit contributed around 72% of the total sales in 2023.
Shareholders
| -The Company is listed on the Stock Exchange of Thailand. | (As of As of Mar. 15, 2024) |
| Top ten largest shareholder accounts | Shareholding (%) |
| Mr. Yeap Swee Chuan Group | 23.54 |
| Thai NVDR Company Limited | 10.92 |
| Ms. Yeap Xin Rhu | 7.90 |
| Ms. Yeap Xin Yi | 7.77 |
| BNP Paribas Singapore Branch | 6.43 |
| Mr. Surachai Ratitong | 2.56 |
| Mr. Kiattisak Traitreungtatsana | 1.89 |
| Mr. Sompong Phaoenchoke | 1.75 |
| Mr. Vallop Rungkijvorasathien | 1.47 |
| Allianz Ayudhya Insurance PCL | 1.35 |
Products
Pressed and parts
-Floor parts
-Cross members
-Pillars
-Brackets
-Clips
-Mountings
-Body panels
-Side sills
-Housing axle parts
-Battery shield
-Reinforce gate pillar upper
-Rear head lower
-Trust panel
-Panel center pillar inner
-Extension quarter inner upper
-Extension sill outer rear
-Panel quarter inner
-Rear extension side outer
-Tunnel rear panel
Fuel tanks
-Steel fuel tanks
-Plastic fuel tanks
-Fuel tank senders
Tubes and lines
-Brazed steel tubing
-Fuel lines
-Brake lines
-Cluster tubes
Electronics
Chassis frames
Plastic components
-Interior trim parts
-Plastic washer tanks
Forged and machined parts
-Steering systems
-Suspension systems
-Wheel frames
-Hubs
-Ball joint axles
-Axles
-Engine parts
-Connecting rods
-Gears
-Shaft balances
-Clutches
-Companion flanges
-Wheel hubs
-Knuckles
-Pistons
-Tube shafts
-Yoke welds
-Tube yokes
-Half shaft
-Hub front axle
-Differential case
Decorative and structural parts
-Door trims
-Door sashes
-Roof racks
-Roof ditch moldings
-Belt line moldings
-Spoilers
-Protectors
-Body side moldings
-Radiator covers
-Tail lamps
-Seat components
Mechanisms
-Hinges
-Door checks
-Parking brake levers
-Pedal boxes
Car navigation systems
-“POWERMAP” 3D car navigation and digital map solutions with voice activation software
-trackSynq - fleet tracking solution
-3D navigation software
History
| 1985 | Registered Able Industries Co., Ltd. |
| 1995 | Signed technical agreement with Keylex Corporation of Japan to manufacture fuel tanks for Ford and Mazda pickups. |
| 1997 | Established a joint venture with Sanoh Industiral Co., Ltd. of Japan named Able Sanoh Industries (1996) Co., Ltd. in Ayuthaya, Thailand. |
| 2002 | Listed on the Stock Exchange of Thailand (SET). |
| 2003 | Acquired Parish Structural Products company from Dana Corporation, USA and changed its rename to AAPICO Amata Co., Ltd. |
| 2004 | Expanded to China by acquiring Kunshan Chaitai-Xincheng Precision Forging Co., Ltd. |
| Established a 30% joint venture with Fischer Tech, a plastic injection manufacturing company. | |
| 2005 | Established strategic global partnership with Sojitz Corporation which invested 15% equity in the Company. |
| Established AAPICO Shanghai Co., Ltd. in Shanghai, China. | |
|
2006 |
Acquired 60% of Able ITS Co., Ltd., a car navigation system company and renamed AAPICO ITS Co., Ltd. |
| Established a new strategic joint venture in Thailand with Mitsuike Co., Ltd. of Japan, changed its name to AAPICO Mitsuike Co., Ltd. | |
| Invested in Jackspeed Co., Ltd., Singapore based listed company. | |
| Established AAPICO Hitech Parts Co., Ltd. in Ayuthaya, Thailand. | |
| 2007 | Acquired of KPN PLC. and renamed it AAPICO Forging PLC. and AAPICO Plastics PLC. |
| Signed technical agreement with Edscha of Germany for technical collaboration to manufacture door-checks, hinges and parking brakes. | |
| Signed technical agreement with Kautex Textron GmbH & Co. KG of Germany to manufacture plastic fuel tanks. | |
| 2008 | Established Minth AAPICO (Thailand) Co., Ltd., a joint venture with Minth Corporation of China to manufacture door sash. |
| 2009 | Established AAPICO Structural Products Co., Ltd. in Chonburi, Thailand. |
| 2010 | Commenced operation of AAPICO Hitech PLC's second factory at Rayong Province. |
| Established Thai Takagi Seiko Co., Ltd., a joint venture between AAPICO Hitech PLC., Takagi Seiko of Japan and Sojitz, to manufacture plastics parts | |
| 2011 | Acquired 49% of AAPICO ITS (Malaysia) Sdn. Bhd. to expand car navigation business in Malaysia. |
| 2013 | Established four joint ventures with Edscha, Sodecia, Sumino Kogyo and Lemtech Holdings, respectively. |
| 2014 | The ground opening of Sumino AAPICO (Thailand) Co., Ltd. factory in Amata Nakorn Industrial Estate Chonburi. |
| Cooperated with Quantum Inventions Pte. Ltd. in Singapore to expand car navigation business toward the Smart City Technology. | |
| Established AAPICO Training Center to support training activities with AAPICO Group. | |
| May 2017 | Formed strategic partnership with Sakthi Automotive Group. |
| 2018 | Established joint venture with Vinfast Trading & Production, a member of VinGroup (Vietnam), to set up a press shop and assembly operations in Vinfast’s Supplier Park in Haiphong, Vietnam. |
| 2019 | Acquired 100% equity of Sakthi Global Holding Limited. |
| Acquired 100% of AAPICO Maia, S.A. (Portugal) and two subsidiary, namely AAPICO Agueda, S.A. (Portugal) and Sakthi Portugal GmbH (Germany). | |
| Sold the Company’s shares in Aapico Vinfats Auto Parts Co., Ltd., a 51% joint venture with Vinfast Trading & Production. | |
| 2021 | Announced the disposal of 49% of the shares in Weihai Bethel-Sakthi Automotive Safety Systems Co., Ltd. and 51% of the shares in Weihai Bethel Sakthi Automotive Co., Ltd. held by Sakthi Automotive Group USA, Inc. or SAGUSA, a wholly-owned sub-subsidiary of AAPICO Hitech. SAGUSA has been in liquidation process by the US court appointed Receiver since 2019. |
| 2022 | Established joint venture with Purem International GmbH, a company group of Eberspaecher, as Purem Aapico Co., Ltd. |
| July 2023 | The Company acquires 60% of the shares in AAPICO Avee Sdn. Bhd. (Formerly Advanced Vehicle Engineering Global Sdn.Bhd.), while Proton holds 40%. |
| October 2023 | Purem Aapico Co., Ltd., a JV of AH and Purem, opened its first plant in Rawang, Malaysia, for exhaust systems. |
| Purem Aapico also opened a new plant on AH’s campus in Rayong, Thailand, for passenger cars' exhaust systems. |
Supplemental Information 1
>>>Business Report FY ended Dec. 31, 2010
>>>Business Report FY ended Dec. 31, 2011
>>>Business Report FY ended Dec. 31, 2012
>>>Business Report FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
>>>Business Report FY ended Dec. 31, 2015
>>>Business Report FY ended Dec. 31, 2016
>>>Business Report FY ended Dec. 31, 2017
>>>Business Report FY ended Dec. 31, 2018
>>>Business Report FY ended Dec. 31, 2019
>>>Business Report FY ended Dec. 31, 2020
>>>Business Report FY ended Dec. 31, 2021
Note: A figure in brackets ( ) indicates a loss
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