BIG – AAPICO Hitech Join Forces in a Collaboration for Carbon Accounting Platform, Leveraging Advanced Climate Technology to Monitor CO2 Emissions

Bangkok – July 25, 2023

AAPICO Hitech Public Company Limited (SET: AH), a globally renowned automotive parts manufacturer, is taking a proactive stance in spearheading the reduction of greenhouse gas emissions in the manufacturing industry. In pursuit of this ambitious goal, AAPICO has entered into a momentous Memorandum of Understanding (MoU) with BIG, a renowned leader in Climate Technology, to harness the power of the Carbon Accounting Platform in optimizing the monitoring and planning of its manufacturing processes. This state-of-the-art digital platform, developed by BIG, is set to revolutionize carbon dioxide emissions from the company’s manufacturing processes.

The MoU signing was graced by the presence of Mr. Piyabut Charuphen, Managing Director of BIG, and Ms. Yeap Xin Ru, Chief Financial Officer of AAPICO Hitech PLC. This collaboration epitomizes the unwavering commitment of both enterprises to propel energy innovations and reduce pollutants in the automotive parts manufacturing industry. It will significantly contribute to the development of highly effective management practices geared towards mitigating greenhouse gas emissions, aligning with the nation’s resolute objective of attaining Carbon Neutrality by 2050 and Net Zero emissions by 2065.

Mr. Piyabut Charuphen, Managing Director of BIG, enthused, “As a subsidiary of Air Products, a prestigious United States-based company, BIG is driven by an unwavering dedication to fostering sustainability in Thailand. At the forefront of pioneering climate technology innovations for diverse Thai industries and spearheading energy transition initiatives for the Thai manufacturing sector, BIG is exhilarated to synergize with AAPICO Hitech (Public) Company Limited, leveraging the ingenious Carbon Accounting Platform developed by BIG. This game-changing platform will empower our customers to elevate manufacturing planning efficiency and meticulously monitor carbon emissions from manufacturing processes, thus facilitating effective emission reduction planning for a sustainable future. It indeed marks a trailblazing approach towards fostering sustainability in the industrial landscape.”

Ms. Yeap Xin Ru, Chief Financial Officer of AAPICO Hitech PLC, added, “AAPICO Hitech stands tall as a globally acclaimed automotive parts manufacturer, unwavering in its commitment to efficiency, environmental conservation, and digital technology. Partnering with BIG marks a momentous stride towards ensuring the long-term sustainability of the automotive sector by harnessing the power of digital platforms to create streamlined manufacturing processes. These processes enable real-time monitoring of energy consumption and efficient management of industrial gas, impeccably aligned with AAPICO’s visionary manufacturing plan. Moreover, the Carbon Accounting Platform will enable meticulous monitoring of carbon dioxide emissions from manufacturing processes, thereby facilitating well-informed reduction planning, inching us closer to the ambitious Net Zero emissions target, while upholding our steadfast commitment to sustainable environmental conservation.”

About BIG

BIG, a Climate Tech Company, is a leader in industrial gas and greenhouse gas reduction technology. The company operates as a subsidiary of Air Products, a New York Stock Exchange (NYSE) listed company and a US Fortune 500 company that has consistently ranked in the Dow Jones Sustainability Index (DJSI) as a global sustainability leader for 13 consecutive years. BIG’s unwavering dedication extends to providing top-tier industrial gas products, cutting-edge innovations, and gas utilization technologies to diverse industries. Moreover, BIG leads as the largest investor in large-scale Green Hydrogen and Green Ammonia projects, including carbon storage technology, propelling the energy transition towards a Net Zero goal by 2050. For more information, visit www.bigth.com or www.airproducts.com.

About AAPICO Hitech (Public) Company Limited

Established in 1996 and listed on the Stock Exchange of Thailand in 2002, AAPICO Hitech (Public) Company Limited stands as a global automotive parts manufacturer, leaving an indelible mark through its unwavering commitment to efficiency, environmental conservation, and digital technology. Embodying three core businesses — OEM Auto Parts Manufacturing, Car Dealerships and Service Centers, and IoT Connectivity and Mobility — AAPICO Hitech boasts an extensive network comprising 47 subsidiaries and associate companies, with 33 companies operating within Thailand and 14 across international borders.

The Company’s first factory was located at Hitech Industrial Estate, Ayutthaya, and it has since expanded its manufacturing prowess to Samutprakarn, Chonburi, and Rayong. Globally, AAPICO Hitech has successfully expanded its footprint to Malaysia, China, and Portugal. For more information, visit www.aapico.com.