{"id":39089,"date":"2017-10-09T02:21:27","date_gmt":"2017-10-08T18:21:27","guid":{"rendered":"https:\/\/investpenang.gov.my\/vitrox-investing-rm130mil-to-expand-ops\/"},"modified":"2025-11-28T12:17:21","modified_gmt":"2025-11-28T04:17:21","slug":"vitrox-investing-rm130mil-to-expand-ops","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/vitrox-investing-rm130mil-to-expand-ops\/","title":{"rendered":"Vitrox investing RM130mil to expand ops"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text]<\/p>\n

Vitrox investing RM130mil to expand ops<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text el_class=”white-text”]<\/p>\n

9 October 2017<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”29119″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]GEORGE TOWN:<\/strong>\u00a0Vitrox Corp Berhad will invest RM130mil to expand its operations this and next year in view of the growing demand for its test equipment and systems.<\/p>\n

Group chief executive officer Chu Jenn Weng told\u00a0StarBiz\u00a0<\/em>that about half of the capital expenditure would be for 2017, and the remainder for 2018.<\/p>\n

\u201cThe group has so far experienced nine consecutive quarters of growth since the first quarter of 2015.<\/p>\n

\u201cWe are optimistic about next year and if there is a need, we will increase the allocation for expansion in 2018,\u201d he said.<\/p>\n

Sales of global light vehicles are expected to reach 93.5 million this year, a growth of 1.5% over 2016, according to a IHS Market report.<\/p>\n

\u201cThe report expects China to continue to be the world\u2019s largest car market for the foreseeable future, and has upgraded its 2017 China forecast to 28 million units,\u201d Chu said.<\/p>\n

He added that the demand for data in the telecommunications industry is growing at an accelerated pace.<\/p>\n

According to the Cisco Visual Networking Index, global mobile data traffic grew 63% in 2016.<\/p>\n

The report said global mobile data traffic would increase seven-fold between 2016 and 2021, growing at a compounded annual growth rate of 47% from 2016 to 2021, reaching 49 exabytes per month by 2021.<\/p>\n

Meanwhile, research and advisory firm Gartner forecasts that 8.4 billion devices will be connected to the Internet by 2017, up 31% from 2016, and the figure will reach 20.4 billion by 2010.<\/p>\n

\u201cThe total spending on endpoints and services will hit almost US$2 trillion in 2017,\u201d Chu said.<\/p>\n

In the first half of 2017, Vitrox shipped out 1,036 machine vision system products and 18 machine vision tray handlers.<\/p>\n

\u201cWe shipped out 106 units of advanced optical inspection and advanced x-ray inspection equipment for used in the electronic assembly industry,\u201d he said.<\/p>\n

The equipment is used primarily in the automotive, telecommunication infrastructure, consumer electronics and medical industries.<\/p>\n

\u201cOnly 1% of our shipment goes to the smart device segment. We are, therefore, not subjected to the volatility of sales in the smart device market.<\/p>\n

\u201cThe second half of 2017 should see double-digit growth for all the four sectors over the same period last year and also the first half of this year,\u201d he said.<\/p>\n

According to Chu, the United States, Mexico and Brazil are Vitrox\u2019s key markets, contributing about 25% of the group\u2019s revenue.<\/p>\n

\u201cEurope\u2019s contribution is 5% while China, Taiwan, Japan, South Korea, India and the rest of the world generate the remainder,\u201d he said.<\/p>\n

Source: The Star<\/a><\/p>\n

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October \u201817<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"author":2,"featured_media":29119,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316],"tags":[],"news_year":[257],"news_month":[228],"local_insights_alphabet":[],"acf":[],"_links":{"self":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/39089"}],"collection":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=39089"}],"version-history":[{"count":2,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/39089\/revisions"}],"predecessor-version":[{"id":39091,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/39089\/revisions\/39091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media\/29119"}],"wp:attachment":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=39089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=39089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=39089"},{"taxonomy":"news_year","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_year?post=39089"},{"taxonomy":"news_month","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_month?post=39089"},{"taxonomy":"local_insights_alphabet","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/local_insights_alphabet?post=39089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}