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Malaysia's AAPICO Hitech sees strong growth, expansion in Thailand.

Asia Africa Intelligence Wire

| March 13, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From fnWeb.com)

fnWEB - Bangkok - March 13, 2003 - Malaysian-owned AAPICO Hitech Pcl says sales revenue and net profit were forecast to grow by at least 30 percent in 2003 this year, in line with the local automotive industry's growth, Yeap Swee Chuan, AAPICO Hitech president and chief executive said.

AAPICO Hitech reported a jump in net profit to 132.4 million baht in 2002 from 19.5 million baht a ...

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