MESSAGE FROM THE CHAIRMAN


Prof. Udomsil Srisaengnam, MD
Chairman of the Board
28 February 2020

Asia Precision Public Company Limited (“APCS“) originally engages 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 with the purpose to transform it into the core business of the group. The EPC industry is proven to have significant growth potential and immense business opportunities. The revenue growth from EPC business during the past 4 years has been substantial.

Revenue from EPC business in 2016, 2017, 2018, and 2019, as a percentage of the group’s total revenue, were 5.99%, 23.66%, 58.54%, and 67.11% respectively. In 2019, net profit of EPC business was 53.31% of the group’s total net profit.

The Company has expertise in the field, and intends to expand EPC business in 4 categories namely Solar Energy, Power Plant, Power Substation, and Water Management. The Company receives trust from both private and public sectors; and in 2020, the Company will setup a subsidiary in Vietnam.

Recent revenue from precision metal parts business is in a downward trend as a result of the global economic slowdown. Nevertheless, the Company constantly improves the production processes to reduce costs, and continuously seeks for new business opportunities in the medical industry to support the sustainability of business operation.

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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