AAPICO Hitech Public Co., Ltd. Business Report FY2011

Business Highlights

Financial Overview

(in million Baht)
  FY2011 FY2010 Rate of change (%) Factors
Sales 10,356 11,344


-The decline of revenue in 2011 resulted from the impact of the tsunami in Japan and the severe floods in Thailand, which led to a drop in the automotive industry.
EBITDA 397 1,138 (65.1) -The reduction was largely due to a decrease in sales and a loss arising from the flood.

OEM Auto Parts
-Sales dropped by 7% to Baht 6,836 m (FY2010: RM 7,389 m).
-Sales drop was in line with the downturn in the industry caused by the series of unfortunate natural disasters.

Market share

FY2011 FY2010
Chassis frames 20 36
Steel fuel tanks 20 34
Door checks 29 25
Plastic fuel tanks 7 7

*According to the Company.


-Followings are major contracts in 2011.

  • Ford: "Ranger Pick up"
  • Honda: "Brio"
  • Isuzu: "D-MAX"
  • Mazda: "Thunder Pick up"
  • Nissan: 2nd Eco-car 4-doors


AAPICO Amata Co., Ltd.
-In 2011, the Company received "Best Supplier in Quality and Delivery" award from Isuzu Motors (Thailand) Co., Ltd.

Investment Activities

Capital Expenditures

(in million Baht)
  FY2011 FY2010 FY2009
Overall 6,578 5,546 4,975

Major factors behind the increase
-The Company purchased new machines and factory equipment for the new factories.

Investment in Thailand

-The Company has invested in the latest "state-of-the-art" machining line and a new 1,600 ton forging press machine, as well as a major overhaul of the forging machines.

Investment Outside Thailand

Kunshan Chaitai-Xincheng Precision Forging Co., Ltd.
-The Company's first totally owned factory in China will be fully completed in the 1st quarter 2012 and the first production will start in the 2nd quarter 2012.
-The Company is equipped with newly installed world class machines, such as 400 ton and 1,600 ton forging press machines and connecting rod cracking machine.
-Two brand new projects, namely, connecting rod for SAIC and forging parts for CFME (Changan Ford Mazda Engine), will soon start their production in 2012.