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economy is getting better and there is a higher demand of automotive parts in the country. Moreover, the domestic sales increased by Baht 68 million or increased by 23% from the sales of OEM of Toyota
temporarily in Q1-2/2019. The Automotive industry also slowed down. However, we have seen recovery signal for the HDD industry in the country in Q3/2019, so the Company had received increasing purchase orders
getting better and there is a higher demand of automotive parts in the country. Moreover, the revenue in South America zone increased by 11% from new customers and rental mold income. In addition, one of
production base in Thailand and the Philippines. Customers in Vietnam are mostly in the automotive industry, but revenue from HV is still a small proportion compared to the revenues from the Company and HP. In
the growth of the company itself in the target customers. Customers in the automotive parts. 3. Revenue from Logistics Management Services For three months As of March 31, 2018 and March 31, 2017, the
Special Cutting Tools segment are in the Hard Disk Drive (HDD) industry, with production bases in Thailand and the Philippines. Customers in Vietnam are mostly in the automotive industry, but revenue from
3/ Certified Thailand Sustainability Investment 4/ Thailand Sustainability Investment n/a Ranking by Industry Business 4/ Business The Company is a plastic automotive parts manufacturer which sells
Website: www.aapico.com Management Discussion and Analysis for the year 2022 2 Total revenue increased by 34.7% year-on-year. Sales and service income increased by 35.0%, with 39.3% increase in automotive
comparing to the same period of the previous year. Mainly due to the good gross margin gained from the metal products, especially the automotive exhaust pipes. In this quarter, the company put more controls