AAPICO Hitech Public Co., Ltd.
Company Profile
■URL
■Address
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.
Shareholders
| -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 |
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. |
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