AAPICO Hitech Public Company Limited (Aapico) and national automaker Proton are working together to develop dies, jigs, hot stamping parts, body assembly parts, and chassis components through Aapico’s subsidiary, Advance Vehicle Engineering Global Sdn Bh (AVE Global).
Aapico is one of Thailand’s largest auto parts companies that was founded in 1996 by a Malaysian founder, Yeap Swee Chuan.
As part of the partnership, Aapico will purchase 60% of AVE Global from Proton, with Proton keeping a 40% stake in the business, which will now be known as Aapico Avee Sdn. Bhd.
As part of the cooperation, which became official on June 26, 2023, Aapico will invest RM 40 million in AVEE Global’s 20-acre facility with the intention of expanding it further to meet the rising demand for Proton vehicles as well as the needs of the entire automotive industry. Another RM100 million in investment is planned for 2024, for plant extensions and the acquisition of new machinery.
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