Germany’s Siemens VDO and Thai-Malaysian supplier Aapico Hitech plc enter into a 500 million baht ($1.2 billion) joint venture to supply vehicle assemblers in Thailand. Though the structure of the joint venture has yet to be determined, a plant is slated to become operational in Ayutthaya by the end of 2004. The venture is part of Aapico Hitech’s plans to expand its automotive presence. It already supplies dies and jigs for almost all auto assemblers in Thailand, with exports to 25 ...
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