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Apex and South Korean networking PCB manufacturer Isu Petasys set up a joint venture subsidiary, sharing production capacity and server business resources.
2024.10.14
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Issuer: Apex International Co., Ltd.
Issuance date: 14 October 2024

Today (14th), Apex’s major subsidiary Apex Circuit(Thailand) Co., Ltd. signed a joint venture agreement with Isu Petasys, the South Korean networking and server PCB manufacturer, to establish a joint venture subsidiary ISU-APEX. Both parties will share business resources, production capacity, and technology to create a higher industrial value.

Apex will invest THB 15.3 million, holding 15% equity in ISU-APEX, while Isu Petasys will invest THB 86.7 million, holding 85% equity in ISU-APEX. As the largest Taiwanese PCB supplier in Thailand, Apex has a maximum monthly production capacity of approximately 1 million square meters. With over 20 years of operations experience in Thailand, Apex will offer stable Southeast Asia production capacity support for Isu Petasys’ international customers.

Isu Petasys, founded in 1972, operates factories in South Korea, China, and the US, but has not established a production base in Southeast Asia yet. Isu Petasys focuses on networking and server-related products and has recently secured AI business orders from several international customers. In response to the shifting supply chain trends, Isu Petasys will provide advanced technological support to Apex, engaging in deep collaboration in the server sector to reach mutual business growth. Apex will fill Isu Petasys’ production capacity gap in Southeast Asia. In the future, Apex can also offer its customers a broader range of advanced production capacity.

Under the rapidly changing global political and economic environment, the cooperation between Apex and Isu Petasys will enhance both companies' competitiveness in global markets. By sharing business resources and complementing each other’s production capacity and technology, we will meet the growing global demand for networking and server products market.

Apex’s major subsidiary and Isu Petasys, the South Korean networking and server PCB manufacturer, announced to establish a joint venture subsidiary ISU-APEX.

【About Isu Petasys】
Founded in 1972, Isu Petasys has developed the PCB business since 1989 and employs approximately 1,100 people. Isu Petasys operates factories in South Korea, China, and the United States. The end products include networking, servers, storage, automotive radar, and aerospace and aviation industries products. In recent years, it has also secured multiple AI-related orders from international clients. For more information, please visit Isu Petasys' official website: https://www.petasys.com/eng/index.jsp

【About Apex】
Apex is a professional Printed Circuit Board manufacturer with about 9,000 employees, where 99% are Thai nation. Now, Apex has four factories, including Apex 1, Apex 2, Apex 3, and Apex Shye Feng. The main operations and administrative centers are located in Apex 2 and Apex 3. The main business is the production and sales of single-sided, double-sided, and multi-layer printed circuit boards. The end product includes LCD TVs, set-top boxes, hard disks, printers, and multimedia equipment for automobiles.

The name "Apex" comes from the first two letters of APPROACH and EXCELLENCE. Chairman Wang Shu-Mu thought that perfect is difficult so our goal shall be to approach excellence. The Chinese name of Apex was named when Apex IPO was listed in Taiwan with two Chinese words. 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.
For more information, please visit Apex's official website: https://www.apex-intl.com.tw/

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