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Vitrox unit buys land worth RM49m from Penang Development Corporation


KUALA LUMPUR (May 31): Vitrox Corp Bhd (VCB) said its unit is buying land worth RM48.33 million in Penang to execute its 10-year expansion master plan, which will be fully completed by 2030.
According to a filing with Bursa Malaysia, its wholly-owned subsidiary Vitrox Technologies Sdn Bhd (VTSB) had entered into a sale and purchase agreement today with Penang Development Corporation.
The land at present vested in the State Authority of Penang measures 21.04 acres and is marked as Plots 323b and 323c in Batu Kawan Industrial Park, Seberang Perai Selatan.
“With the acquisition, VCB Group envisages that it will further strengthen its technology, product research and development, global business expansion, worldwide service and support, supply chain development, smart and lean manufacturing, and talent attraction, training and growth,” said the group. ....

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Building tomorrow's talent for industries of the future


The ViTrox Campus 2.0 is located at Batu Kawan, Penang.
THE emergence of disruptive technologies, pursued after the Covid-19 outbreak, has intensified the world’s adoption of automation and digitalisation to embrace new ways of doing things.
The pandemic has severely affected the economy and financial markets with significant reduction of income, rise in unemployment and disruption to both supply and demand in an interconnected global economy.
Industries are forced to accelerate the adoption of new technologies in developing better approaches to mitigate negative business impacts. At a time of lackluster productivity due to controlled public movements, automation and digitisation provide the much-needed business boost for steady continuity in the waves of risky disruptions. ....

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