Thai auto-parts firm AAPICO ups '03 sales forecast

Newswire

BANGKOK, May 27 (Reuters) - Thai auto-parts maker AAPICO Hitech Plc on Tuesday revised its 2003 revenue forecast higher to around 3.5 billion baht ($83.85 million) to include the acquisition of a frame set maker for Isuzu pick-up trucks. Chief Executive and President Yeap Swee Chuan told reporters he expected sales revenues in 2003 to double from 1.74 billion baht ($41.69 million) posted in 2002. He had previously projected sales growth of 30 percent for this year. AAPICO is 18.29 ...

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