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Aapico Hitec expects H2 turnaround

Aapico Hitech Plc (AH), a manufacturer of auto parts and pickup truck frames,expects second-half revenue to rise by 30% to 40% from the first half as the domestic and global auto market improves. The auto industry is expected to fully recover in 2010, with sales of 1.2 million forecast for next year compared with fewer than 1 million this year, said Yeap Swee Chuan, the AH president and chief executive.

ThaiVest Editorial Team