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

Hextar moves into fertiliser sector
NFL Chiefs to move to Kansas with public funding package
Import-heavy sectors to gain from stronger ringgit
Healthcare players earnings visibility intact
SBS Nexus eyes RM31mil from its IPO
Amova raises stake in AHAM Capital to 97.7%
PMCK posts RM5.8mil profit in 2Q
Tame inflation eases pressure on BNM
CBH Engineering wins RM130mil data centre job
Kimlun bags RM618mil building jobs

Others Also Read