elements.webp
Synopsis of Group

Apex was founded on October 28, 2009 and registered in the Cayman Islands. Presently, the Company's main business operations are production and sales of single-sided, double-sided and multi-layer printed circuit boards used in LCD TVs, set-top boxes, hard disks, printers, satellite communications equipment and multimedia equipment for automobiles.

The name "Apex" comes from the first two letters of APPROACH and EXCELLENCE.

The name “Apex” comes from the first two letters of APPROACH and EXCELLENCE. The chairman of Apex, Mr. Woody Wang, thinks that perfect is difficult so our goal shall be to approach excellence. The Chinese name of Apex was named when Apex IPO listed in Taiwan with two Chinese word. The two Chinese words, one tells the public that we were based in Thailand; another implies the stability of Apex and also tells the public about the solid foundation of Apex in Thailand’s PCB industry.

Apex's management goal is to have a firm grasp of market demand and provide products of stable quality.

Apex’s management goal is to have a firm grasp of market demand and provide products of stable quality. To achieve this, Apex enforces high-standard production management and adopts forward-looking business strategies. On top of these, the Company’s corporate culture stresses the importance of efficiency and harmony in order to provide consumers in the end market with electronic products of diversified range of application.

After making unsparing efforts in market expansion, Apex has become an international supplier for electronics

After making unsparing efforts in market expansion, Apex has become an international supplier for electronics manufacturers but the endeavor to extend the range and scale of product applications is never stopped. At the same time, operation management and cost control are enhanced and appropriate pricing strategies are adopted to maintain the Company’s profitability.

In the future, besides investment in development of new products and technologies, Apex will continuously work on the conventional rigid PCB market and meet the needs of customers.

APEX 1

Samut Sakhon Industrial Zone

APEX 2

Sinsakhon Industrial Zone

APEX 3

Sinsakhon Industrial Zone

APEX S

Shye Feng

Company Timelines

YEAR 2006

YEAR 2006

• New senior management team is put in place
• BOI approves 5 year tax-exemption privilege for plant B
• ISO/TS-16949 is certified in May 2006
• Sony Green Partner (GP) is certified in April 2006

YEAR 2006

YEAR 2007

YEAR 2007

• First full year of mass production in plant B
• Established Joint Venture with ISM, Ltd. to target Multinational Companies
• Invested with ADT to purchase 20 drill machines

YEAR 2007

YEAR 2008

YEAR 2008

• Plant C (C-1) construction is completed in Oct 2008
• Monthly capacity increased to 145 KM² in Nov 2008
• New customers: Western Digital, Technicolor, Samsung, Canon

YEAR 2008

YEAR 2009

YEAR 2009

• Plant C (C-2) is completed in Dec 2009 to increase capacity
• Acquired ADT, increased drilling capacity and improved profitability
• Sales and Marketing agreement with KFE to target specific Japanese customers
• New customers: Hitachi HDD, Panasonic, Pace
• Establish Apex International Co. Ltd. as holding

YEAR 2009

YEAR 2010

YEAR 2010

• Additional investment in ADT (from 21.22% to 49%)
• Increased capital of API to NT$ 842.5 million and APT to Baht 861.6 million
• Expanded monthly production capacity from 145 M² to 165 M² in Feb 2010
• Further expansion of capacity to 200 KM² per month in Aug 2010
• Set up Taiwan Office

YEAR 2010

YEAR 2011

YEAR 2011

• Expanded production capacity from 200K M² to 250K M² per month
• Plant E is completed in Sep 2011 to increase capacity of inner layer production in order to support the increased demand of 4 and 6 layer PCB’s
• Purchased land in Q3 2011 located in Sinsakorn Industrial Estate (Area: 89,500 M²) for future expansion (Apex 2)
• Set up Approach Excellence Trading Ltd. as 100% owned subsidiary company which will take charge of dealing with Taiwan suppliers
• IPO listing in Taiwan on 18th Oct 2011

YEAR 2011

YEAR 2012

YEAR 2012

• Began construction on new factory (Apex 2)
• Acquired ADT and increased total 185 drilling machines for drilling capacity
• Purchased Ampoc etching lines, additional AOI and AVI for enhanced capability
• Invested 50M THB for building sub-station for electrical savings.
• Began usage of Apex 2 warehouse by Nov 2012

YEAR 2012

YEAR 2013

YEAR 2013

• Completed Apex 2 factory (Phase 1) building in June, started renovation and machine installation in stages
• 4 Faced Buddha installation ceremony in Apex 2 on Oct 2014
• Started pilot run and testing for Inner, Plating and Drilling process in Apex 2
• Full process trial run and testing for Apex 2 from Nov 2014
• Plan to start production in Apex 2 Q1 2014

YEAR 2013

YEAR 2014

YEAR 2014

• Apex 2 officially began the 2-1 (Phase 1) production from Q1
• Expanded production capacity from 250K M² to 320K M² per month from Q2
• Apex 2 acquired income tax exemption for 8 years.

YEAR 2014

YEAR 2015

YEAR 2015

• Apex 2 officially began the 2-2 production (Phase 1) from Q2
• TWSE listing in Taiwan on 8th September (from OTC)
• Set up Apex Electronics (Shenzhen) Co., Ltd. in November (100% owned by Apex Thailand)

YEAR 2015

YEAR 2016

YEAR 2016

• Apex 2 officially began the 2-2 production (Phase 2) from Q2
• Expanded production capacity from 350 M² to 390 M² per month from Q2
• Apex 2 officially began the 2-3 production (Phase 1) from Q4
• Expanded production capacity from 390 M² to 460 M² per month from Q4

YEAR 2016

YEAR 2017

YEAR 2017

• Apex 2 officially began the third phase production in Q1
• Apex ranked top 6%~20% in the TWSE Corporate Governance Evaluation for 2 consecutive years.

YEAR 2017

YEAR 2018

YEAR 2018

• The annual revenue of Apex exceeded NTD 11 billion and its net profit exceeded NTD 830 million, all hitting a record high.
• Apex ranked top 6%~20% in the TWSE Corporate Governance Evaluation for 3 consecutive years.

YEAR 2018

YEAR 2019

YEAR 2019

• Subsidiary Apex Circuit(Thailand) Co., Ltd. acquired the equity of Shye Feng Enterprise(Thailand) Co., Ltd.
• Apex ranked top 6%~20% in the TWSE Corporate Governance Evaluation for 4 consecutive years.

YEAR 2019

YEAR 2020

YEAR 2020

• Won the 22nd Outstanding Overseas Taiwanese SMEs Award
• Apex was selected as component stocks of the MSCI World Small Cap Index
• Apex ranked top 6%~20% in the TWSE Corporate Governance Evaluation for 5 consecutive years.

YEAR 2020

YEAR 2021

YEAR 2021

• Won the AREA – Health Promotion Award
• Won the TCSA -Taiwan Corporate Sustainability Report Award-Electronic Information Manufacturing Bronze Award
• Apex 3 officially put into production
• The annual revenue of Apex exceeded NTD 14.8billion and its net profit exceeded NTD 1.5 billion
• Apex ranked top 6%~20% in the TWSE Corporate Governance Evaluation for 6 consecutive years.

YEAR 2021

YEAR 2022

YEAR 2022

• The annual revenue of Apex is NTD 14.9 billion, which hit a record-high.
• Apex ranked top 6%~20% in the TWSE Corporate Governance Evaluation for 7 consecutive years.
• Won the AREA – Health Promotion Award
• Apex launched the “Apex GREEN Project” to strengthen our ESG development with three main topics, which are “Renewable Energy”, “Wastewater Recycling”, and “Improving Energy Efficiency”.

YEAR 2022

YEAR 2023

YEAR 2023

• Received a “Low Risk” by Sustainalytics ESG Risk Ratings.
• Apex ranked top 6%~20% in the TWSE Corporate Governance Evaluation for 8 consecutive years; in the electronics category with a market capitalization of over NTD 10 billion, Apex has moved up to the 11% to 20% range for the first time.
• Won the AREA – Social Empowerment Award.
• Won the TCSA – Taiwan Corporate Sustainability Report Award-Electronic Information Manufacturing Bronze Award.

YEAR 2023