Bangkok--8 Nov--Brand Wealth
- Shows Industry’s Highest Profit Margin & Exceptional Growth
- Raises Funds to expand Business to AEC Markets
P.C.S. Machine Group Holding Plc. or PCSGH, Thailand’s leading Tier 1-class Auto Part Manufacturer, announces IPO Plan to list itself in Stock Exchange of Thailand. Funds to use for expansion for AEC Markets’ opportunities.
Mr. Chakramon Phasukavanich, the Chairman of P.C.S. Machine Group Holding Plc. (PCSGH) says that “ Having worked on directing Thailand’s Foreign Direct Investment and industrial policies for many years, I have witnessed the rapid development of the country’s automotive production. I could assure you that P.C.S. Machine Group Holding Plc. (PCSGH) is one of the Pioneers in the auto part manufacturing. The Company and its Management has over 40 years in the industry and has been widely accepted by many world-class automakers for its advanced technology, know-how and high-quality products and services.”
Mr. Siripong Rungrojkitiyos, the Founder and Vice Chairman of P.C.S. Machine Group Holding Plc. (PCSGH) reveals that PCSGH has expertise in Making the Highly Important “Power Train” Parts such as Engine parts, Transmission parts and Axle Parts. To be able to make these important Power Train Parts, the company has developed its own very high-technology and specialized know-how manufacturing. Working directly with many world’s leading automakers as a Tier- 1 OEM Manufacturer, the company has few competition and therefore, has enjoyed high business stability.
PCSGH focuses on manufacturing Power Train parts for popular Diesel-based Commercial Vehicles (Pick-up Trucks) and P Passenger Vehicles. It has benefited largely from Thailand’s being the World’s Second Largest makers of Pick-up trucks and has produced Power Train parts for many world-class automakers as long-term customers such as Isuzu, Toyota, Mitsubishi, General Motor, Ford, Mazda, Nissan and Suzuki. With most of its parts used in Trucks for exporting to the world markets, the company has not been affected by the recent decline in domestic new car sales. The company also produces Power Train parts for many Overseas Auto Plants in South Africa, South America as well as for some other Tier-1 manufacturers, thus reducing its business risks.
Being a Holding Company, P.C.S. Machine Group Holding Plc. invests and holds 100% share in each of its 3 subsidiaries as following:
1. P.C.S. Precision Works Co., Ltd. manufactures high-precision Engine parts, Transmission parts and Axle Parts such as Common Rail, Balancer Shaft, Feed Pump Shaft, Drive Gear, and axles parts
2. P.C.S. Die Casting Co., Ltd. manufactures Aluminum die-casting. It specializes in such large-scale die-casting with its 2,500-Ton high-pressure die-casting machine. Main products are Engine Crank Case, Engine Oil Pan, Engine Cover and Transmission and Case Housing.
3. P.C.S. Forging Co., Ltd. makes Steel Forging parts such as Drive Shaft, Diesel Direct Injection, Common Rail, Knuckle and balance shaft. It specializes in forging high-strength steel with specialized machine as large as 6,000-Ton forging machine.
PCSGH has many business strengths such as its own High-Technology, High-level Manufacturing Know-How, Large World-class Customer base, Strong Financial Condition, Strong Reputation and Trust from Customers. Importantly, it has competitive advantages in producing Highly Stable products at lower costs. Therefore, it has very few competition and has been able to attract world-class Japanese, American and European automakers, both in Thailand and Overseas.
Mr. Prasong Adulratananukul, the Company’s Chief Executive Officer and Director says that the company has strong growth. Its revenues jump from 2,791 Million Baht in 2010 to 3,174 Million Baht in 2011 and 5,294 Million Baht in 2012. Meanwhile, its net profits also jumped from 676 million baht in 2010 to 789 Million baht in 2011, grew 115% to 1,705 Million Baht in 2012. For the first 6 months this year, the company has 2,869 Million baht in revenues and 968 million baht net profits. Its net profit margin jumps from 24% in 2010 to 33.6% for first half of 2013, making it the highest net margin in the industry.
To prepare for the business expansion from the ASEAN Market opening, the company has converted into a public company limited and increased its registered capital to 1,426 Million Baht with 1 baht par value. With Bua Luang Securities as its financial advisor, PCSGH will offer 357 million common shares for its IPO, with 1 baht par value, to both institutional and retail investors. The proceeds from IPO will be used for business expansion to support new projects from both new and existing customers and to repay bank loans. The company appoints both Bualuang Securities Plc. and Siam Commercial Securities Plc. as its Joint Lead Underwriters.
With proven successful track records for 40 years, strong financial condition, growing revenues, outstanding profit ratio and high return on equity ratio, PCSGH is one of attractive investment for investors.