AAPICO Hitech Public Co., Ltd.

Company Profile

■URL

https://www.aapico.com

■Address

99 Moo 1, Hitech Industrial Estate, Tambol Ban Lane, Amphur Bangpa-in, Ayutthaya 13160, Thailand

Business Overview

-The Company is a leading automotive components supplier 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. The Company also develops and provides 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

-Sales from the Company’s OEM Auto Parts Manufacturing unit contributed around 68% of total sales in the fiscal year ended December 31, 2024.

Shareholders

-The Company is listed on the Stock Exchange of Thailand.

(As of As of Mar. 14, 2025)

Top ten largest shareholder accounts	Shareholding (%)
Mr. Yeap Swee Chuan Group	23.54
Thai NVDR Company Limited	10.88
Ms. Yeap Xin Rhu	7.90
Ms. Yeap Xin Yi	7.77
BNP Paribas Singapore Branch	6.43
AAPICO Hitech Public Co., Ltd.	5.29
Mr. Surachai Ratitong	2.85
Mr. Kiattisak Traitreungtatsana	1.89
Mr. Sompong Phaoenchoke	1.84
Mr. Vallop Rungkijvorasathien	1.51

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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
-Ultrasonic parking sensors
-E-mirror
-Kick sensors
-Wireless chargers

Chassis frames

Plastic components
-Interior trim parts
-Plastic washer tanks
-Plastic windshield wiper 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
-Link shafts
-Pump housings
-Common rails
-Camber links
-Outer races
-Shaft outputs
-Housing bearings
-Arm relays
-Arm links
-Pistion caliber brakes
-Crankshafts
-Fork shifts

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
-Electric tailgates

Car navigation systems
-“POWERMAP” 3D car navigation and digital map solutions with voice activation software
-Power-F, fleet management solutions
-3D navigation software

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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.
2004	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.
2005	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.
2010	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.
October 2023	Purem Aapico also opened a new plant on AH’s campus in Rayong, Thailand, for passenger cars' exhaust systems.
Apr. 2024	Acquired the remaining 40% of shares in AAPICO Lemtech (Thailand) Co., Ltd., increasing its ownership to 100%.
Dec. 2024	AAPICO Lemtech (Thailand) Co., Ltd. was renamed to AAPICO Leadtech Co., Ltd.
Dec. 2024	Acquired the remaining 50% stake in its joint venture, AAPICO Sodecia (Thailand) Co., Ltd., from Sodecia Automotive Europe GmbH, making it a wholly owned subsidiary.

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