Vitrox Corp allocates RM120mil to expand Penang operations


GEORGE TOWN: Vitrox Corp Bhd is allocating RM120mil to expand its operations in Penang this year and in 2017 to meet the rising global demand for its machine vision and vision inspection equipment.

Group chief executive officer Chu Jenn Weng told StarBiz that the amount would be spent to complete the new facility in Batu Kawan, scheduled for operation in mid-2017, and to purchase production equipment for the existing plant in Bayan Lepas, which was 80% utilised.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , penang

Next In Business News

Jasa Kita acquires 55% stake in SPPH�
PetGas to pre-pay up to RM706mil in jetty usage charges at Pengerang LNG terminal
Colform awards 4 contracts worth RM1.33mil
Hextar Global acquires three fertiliser companies for RM120mil
Ringgit climbs to strongest level against US dollar since early March 2021
Solarvest acquires ACE-Market listed SDCG for RM42mil
CBH Engineering wins data centre job worth RM130mil
JPG consolidates JPG Greenergy Ventures, strengthens renewable energy strategy
Kimlun bags three construction jobs totalling RM618mil
PMCK records RM5.83mil 2Q profit, declares 0.12 sen dividend

Others Also Read