ViTrox Corporation Berhad celebrated its 13th anniversary with the opening of its 120,000sq ft (11,148.4sqm) four-storey ViTrox Innovation Centre in the Bayan Lepas Industrial Park, Penang.
ViTrox president and chief executive officer Chu Jenn Weng said the building housed the centres for research and development, sales and marketing, service and support, as well as administration and manufacturing.
“The RM20mil expansion started in 2011 and is now 90% completed. Only 10%, the top floor, is undergoing renovation.
“Once completed, we expect our manufacturing capabilities to increase four times,” he said during the building’s opening ceremony on Saturday.
ViTrox designs and manufactures automated vision inspection equipment and system-on-chip embedded electronics devices for the semiconductor and electronics packaging industries.
Chu said the company began with a start-up capital of RM20,000 and it now had a market capitalisation of more than RM280mil.
ViTrox chairman Datuk Seri Kelvin Kiew, in his speech, said that the company has been recording profits every year for the past 13 years.
Penang Chief Minister Lim Guan Eng, who was present, congratulated ViTrox on its success, stressing that it was a remarkable achievement.
“The key to success is to have the right people doing the right job,” Lim said, before launching the ViTrox open day and Million Heart musical concert.
At the event, Lim was given a surprise birthday treat when ViTrox employees rolled out a lighted birthday cake for him.
Lim turned 53 yesterday.
ViTrox also donated RM1.5mil to the Buddhist Tzu Chi Merit Society Malaysia for the building of an education centre in Jalan Macalister as well as for the building of a dialysis centre in Logan Road.
Also present was ViTrox senior vice-president Steven Siaw.