MESSAGE FROM THE CHAIRMAN


Prof. Udomsil Srisaengnam, MD
Chairman of the Board
25 February 2021

Asia Precision Public Company Limited originally engaged in the business of precision metal parts manufacturing since 1995, with the key customers in automotive industry. The Company has expanded its operation into Engineering, Procurement, and Construction (EPC) business in 2016 as the Company saw high growth potential in the industry and lucrative business opportunities. Revenue from EPC business compared to the group’s total revenue increased significantly from 5.99% in 2016 to 69.06% in 2020. As a result, The Stock Exchange of Thailand changed APCS’s business industry from Automotive (AUTO) to Property & Construction (CONS) since July 1, 2020.

The Company aims to expand EPC business in 4 categories including Solar Energy, Waste Energy, Power Distribution, and Water Distribution. The Company is trusted by clients from both the private and public sectors. In 2020, the Company expanded its operation to Vietnam, by setting up a new subsidiary: A2 Technologies Vietnam Co., Ltd. The Company received a number of consultation projects and construction projects in Vietnam, with a total contract value of over 1 billion Baht.  This demonstrated a great sign of potential in the oversea investment and expansion. Nevertheless for the precision metal parts business, the Company remained focus in manufacturing improvement to drive down cost, as well as exploring new opportunities in Medical Industry to support sustainable growth.

Furthermore, the Company strives to give back to the Thai society and conducted various social responsibility projects. This includes, ‘Asia Volunteer Project’ which collaborated with Social Innovation Foundation to uplift living standard for disables, and ‘Home Town Development Project’.

On behalf of the Board of Directors, I wish to express our sincerest thanks to the shareholders, clients and business alliances, who have been providing continuous support to us, and wish to thank the management and staff for their commitments and contributions through hard work for APCS’s sustainable growth and development. I wish to confirm to you all that our business administration will base on the principles of moral, integrity and transparency as well as strict compliance with the good corporate governance.

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