AAPICO Hitech Public Co., Ltd.

Company Profile




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 which primarily focuses on the manufacturing of stamped parts, forgings, machined parts, and plastic parts for automotive OEMs; design and manufacture of dies; and manufacture of 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 73% of the total sales in 2022.


-The Company is listed on the Stock Exchange of Thailand. (As of As of Mar. 15, 2023)
Top ten largest shareholder accounts Shareholding (%)
Yeap Swee Chuan Group 23.54
Thai NVDR Company Limited 13.73
Yeap Xin Rhu 7.90
Yeap Xin Yi 7.77
BNP Paribas Singapore Branch 6.43
Kiattisak Traitreungtatsana 1.93
Sompong Phaoenchoke 1.67
Allianz Ayudhya Insurance PCL 1.30
Viroj Ratcharawattanakul 1.19
Vallop Rungkijvorasathien 1.16


Pressed and parts
-Floor parts
-Cross members
-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


Chassis frames

Plastic components
-Interior trim parts
-Plastic washer tanks

Forged and machined parts
-Steering systems
-Suspension systems
-Wheel frames
-Ball joint axles
-Engine parts
-Connecting rods
-Shaft balances
-Companion flanges
-Wheel hubs
-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
-Body side moldings
-Radiator covers
-Tail lamps
-Seat components

-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


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.


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.

Supplemental Information 1