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

Official reserve assets total US$124bil, says BNM
Pakistan’s growth in September quarter slows
NCT Alliance gets nod for acquisition
Foreign investors dump bonds amid rupee slide
Nor Zahidi continues as MPC member
Indonesian stocks notch best year since 2014 on retail flows
Semico’s FY26 to FY27 revenue expected to grow�
CXMT eyes Shanghai listing to fund DRAM expansion
Malaysia Smelting appoints two co-group CEOs�
Alibaba, Abu Dhabi back AI startup MiniMax’s IPO

Others Also Read