President Automobile Industries PCL

What President Automobile Industries PCL does

President Automobile Industries Public Company Limited (ticker: PACO on Bangkok's mai market) is a Thailand-based manufacturer and distributor of automotive air conditioner replacement parts, founded in 1991 and headquartered in Samut Sakhon province. The company produces condensers, evaporators, compressors, intercoolers, oil coolers, A/C hoses, refrigerant gas (R134a), and supporting components such as blower motors, thermostats, and expansion valves, all manufactured from aluminum using parallel flow, laminated plate-fin, and serpentine heat exchange designs. All products undergo helium leak testing and assembly testing prior to shipment.

The company's product portfolio spans multiple condenser series (PL, MP, DP, 5P, 2P, CL) and evaporator variants targeting different price points and efficiency levels, including a higher-margin Racing Division intercooler line. Manufacturing is conducted at a single integrated facility in Krathum Baen with CNC machining achieving 0.1-degree precision for A/C hose fittings.

PACO operates a sales-led distribution model, serving both domestic Thai and international aftermarket customers across Asia, North America, Europe, South America, and Australia. The company functions as a one-stop store for the automotive air conditioner replacement (REM) market, distributing to both DIY consumers and professional repair shops. The company filed for IPO on Thailand's mai market in October 2020, offering 260 million shares. Ownership is concentrated in the Lertkajornkitti family, with the CEO holding 19.75% and family members collectively controlling a substantial majority of shares.

Name

President Automobile Industries PCL

Legal name

President Automobile Industries Public Company Limited

Website

https://paco.co.th

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

501–1,000 employees

Short description

President Automobile Industries PCL (PACO) is a Thai manufacturer and distributor of aftermarket automotive air conditioner replacement parts, serving domestic and international customers across Asia, North America, Europe, South America, and Australia through a nationwide distribution network since 1991.

Ownership category

akta.pro rank

Product category

Automotive Air Conditioning Replacement Parts

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

Automotive Heat Exchangers Manufacturing (Radiators/Condensers/Evaporators/Heater Cores) (IMACALAC)

akta.pro secondary industries

Automotive Refrigerant Lines, Hoses & Thermal Plumbing (IMACALAG), Automotive Air Distribution & Ventilation Components (Blower Motors/Ducts/Vents/Cabin Filters) (IMACALAF), Automotive Coolant & Refrigerant Circuit Components (Pumps/Valves/Reservoirs/Expansion Devices) (IMACALAE), Passenger Vehicle Thermal, Cooling & HVAC Manufacturing (ICE) (IMACAAAL)

Keywords

• Automotive air conditioning parts
• Replacement auto AC components
• Heat exchangers manufacturing
• Condenser evaporator production
• Automotive spare parts distribution

Headquarters

HQ city

Krathum Baen

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Automotive Air Conditioner Parts Sales: PACO generates revenue through the production and distribution of replacement automotive air conditioner spare parts including condensers, evaporators, compressors, intercoolers, oil coolers, refrigerant gases, and related components to domestic and international markets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

President Automobile Industries PCL (PACO) manufactures and distributes replacement automotive air conditioner spare parts to domestic and international markets. Its product portfolio centers on aluminum heat exchange components including multiple series of condensers and evaporators, reciprocating compressors, intercoolers, oil coolers, A/C hoses, R134a refrigerant gas, and supporting components such as blower motors, thermostats, switches, expansion valves, cabin air filters, and aluminum welding consumables. The company positions itself as a one-stop store for the automotive AC replacement parts (REM) market.

Product overview

President Automobile Industries PCL (PACO) operates as a manufacturer and distributor of replacement automotive air conditioner spare parts, serving both domestic and international markets. The company's product portfolio centers on heat exchange components including multiple condenser series (PL, MP, DP, 5P, 2P, CL) with varying efficiency levels, evaporator variants (Multi-flow, Laminated/Plate-fin, Serpentine, and Evaporator Units), intercoolers (standard CAC and Racing Division), and reciprocating compressors. Supporting components include A/C hoses, blower motors, radiator fans, thermostats, switches, expansion valves, refrigerant gas (R134a), cabin air filters, and aluminum welding supplies. PACO serves customers across Asia, North America, Europe, South America, and Australia, positioning itself as a one-stop store for automotive AC spare parts.

Differentiator

Problem solved

Functional benefit

Products and services

• PL Series Condenser

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Hanon Systems: Korean global supplier of HVAC and thermal management solutions for automotive applications, including compressors and heat exchangers. Comparable to PACO in core product overlap though larger and OEM-focused.
• Valeo SA: Major French Tier-1 supplier of thermal management systems including AC components for passenger and commercial vehicles. Direct overlap with PACO's product portfolio, though Valeo operates globally with significant OEM relationships.
• Mahle GmbH: German automotive parts giant with a strong thermal management product line including AC condensers, evaporators, and compressors. Comparable to PACO in core AC components but serves a global OEM-led customer base.
• Denso Corporation: World's largest automotive thermal management and AC systems supplier, producing condensers, evaporators, compressors, and HVAC units at scale. Comparable to PACO in product overlap but vastly larger, serving OEM channels globally.
• Calsonic Kansei (Marelli): Japanese-origin (now Marelli) automotive thermal and HVAC systems supplier producing AC units, condensers, and compressors. Highly comparable product portfolio to PACO, operating globally at Tier-1 OEM scale.

Direct peers

• Modine Manufacturing: US-based manufacturer of thermal management products including radiators, condensers, and oil coolers for automotive and commercial vehicle markets. Comparable to PACO in heat exchanger technology and aftermarket focus.
• UAC (Santech Industries): Aftermarket automotive AC component distributor (Santech) offering condensers, evaporators, compressors, and hoses. Comparable to PACO in the replacement AC parts aftermarket segment with global distribution.
• Tokyo Radiator Mfg. Co. Japanese manufacturer specializing in radiators, condensers, evaporators, and other heat exchangers for automotive applications. Direct competitor in the aftermarket AC parts space with comparable product breadth to PACO.
• Four Seasons (Standard Motor Products): Aftermarket-focused AC parts brand under Standard Motor Products selling condensers, compressors, evaporators, and hoses through North American distribution. Closely comparable to PACO as an aftermarket specialist in replacement AC components.
• Sanden Holdings: Japanese global manufacturer of automotive air conditioning compressors, condensers, and heat exchangers. Closely comparable to PACO as a specialist AC thermal component maker serving both OEM and aftermarket channels worldwide.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pacoautohub

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about President Automobile Industries PCL