ViTrox

Last updated

ViTrox Corporation Berhad
Company type Public limited company
MYX: 0097
ISIN MYQ0097OO004
Industry
Founded2000
FounderChu Jenn Weng
Steven Siaw Kok Tong
Yeoh Shih Hoong
Headquarters
Penang
,
Malaysia
Area served
Worldwide
Products
  • Machine Vision System
  • V-ONE
RevenueIncrease2.svg RM750 million (2022) [1]
Decrease2.svg RM33 million (2022) [2]
Number of employees
1,039+ (July 2023) [3]
Website www.vitrox.com

ViTrox Corporation Berhad (MYX: 0097) is a Malaysian technology company based in Penang, Malaysia, [4] specializing in design and development of machine vision and electronics. The company is primarily focused on the automated vision inspection systems and equipment for the semiconductor, printed circuit board assemblies, and electronics communication industries. [5]

Contents

ViTrox's products include the Machine Vision System (MVS), Automated Board Inspection (ABI), Integrated Industrial Embedded Solutions, and Industry 4.0 Manufacturing Intelligence Solution – V-ONE. [6]

The company was founded in 2000 by Chu Jenn Weng and Steven Siaw Kok Tong, alumni of University Sains Malaysia from the 1990s. Their first product was a 2D Mark Lead Vision System. Its operations have shifted from a small rented space in Sungai Dua to the Krystal Point Office in Bayan Baru. ViTrox's operations have since relocated to several locations. [7]

History

ViTrox Technologies Sdn. Bhd. was established in 2000. [8] In line with its expansion strategy, ViTrox relocated its operations to the Krystal Point Office and acquired a semi-detached factory in 2001. [9] The company received the "Golden Rim Award" in Taiwan in 2004 [10] and officially launched its 3D machine vision system. [11] In 2005, ViTrox was listed on the ACE Market (formerly known as the MESDAQ Market) of Bursa Malaysia. As part of its ongoing expansion efforts, ViTrox established the Electronics Communication Systems (ECS) division and introduced its 5-sided machine vision systems. [11]

In 2006, ViTrox relocated its operations to the ViTrox Innovation Centre in Bayan Lepas, Penang, and established its initial overseas sales and support office in Suzhou, China. [11] By 2009, the company ventured into the automated x-ray inspection (AXI) and automated optical inspection (AOI) sectors, leading to the establishment of the Automated Board Inspection (ABI) Division. ViTrox also introduced the Advanced 3D Optical Inspection System (V510i 3D AOI). [11] Concurrently, ViTrox transferred its listing from the ACE Market to Bursa Malaysia.

In 2010, ViTrox marked its tenth anniversary with the inauguration of the ViTrox Innovation Centre (Phase 2). [12] During this period, ViTrox established the Machine Vision System – Texas (MVST) division and introduced the Advanced 3D X-Ray Inspection System (V810i 3D AXI). [11] In 2011, the company relocated to its new facility, the ViTrox Innovation Centre (Phase 2), [13] and also unveiled the Tray-Based Vision Inspection Handler (TH1000i). Furthermore, in 2014, ViTrox established the Centre of Excellence for Machine Vision, dedicated to research and development in the field. [14]

In 2016, ViTrox entered into a memorandum of understanding with the Malaysia Productivity Corporation [15] and introduced V-ONE [13] The following year, the company established a joint venture partnership to create Penang Automation Cluster Sdn. Bhd. [16] Additionally, ViTrox achieved a record in the Malaysia Book of Records for planting the most amenity trees within 24 hours. [17] In 2018, ViTrox relocated its operations to ViTrox Campus 2.0 in Batu Kawan, Penang, [18] and unveiled the Advanced Robotic Vision (V9i). [13] n 2019, the company expanded its presence to the Penang Automation Cluster (PAC) [19] and opened offices in Germany and Shenzhen, China. [20] ViTrox also entered into memorandums of understanding with Universiti Tunku Abdul Rahman and the Centre of Goodness Studies. [21]

In 2020, ViTrox launched its educational division, ViTrox Academy, [22] and established ViTrox Agritech. [17] In May 2021, the company revealed the acquisition of roughly 21.04 acres of land in Batu Kawan Industrial Park, Penang, as a component of its ten-year expansion master plan. [23]

In December 2021, ViTrox earned inclusion in the FTSE4Good Bursa Malaysia (F4GBM) Index and the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index after meeting the criteria set by FTSE Russell and Bursa Malaysia Securities Berhad. [24] In 2022, ViTrox received a four-star ESG rating under the technology industry classification benchmark for two consecutive years. [25]

As of April 2023, ViTrox achieved a score of 50% on the Corporate Sustainability Assessment conducted by S&P Global. [26]

ViTrox established ViTrox College, which has received accreditation from the Ministry of Higher Education. The college offers diploma courses. [27]

Awards

In 2012, ViTrox received the Industry Excellence Award. [10] In 2013, ViTrox organised the ViTrox Open Day & Million Hearts Charity Musical Concert. [28] ViTrox received the Prime Minister's Award for Employer Excellence in the private sector. [10] In 2015, a ceremony was held in Campus 2.0 in Batu Kawan, Penang. [12]

ViTrox was recognized as one of Malaysia's Best Managed Companies for 2022 and 2023, an award sponsored by Deloitte Private. [10] ViTrox was listed again in Forbes Asia's 200 Best Under A Billion in 2023. [29] In January 2023, the company was honoured with the "Malaysia Iconic Role Model Enterprise Awards". [30] During the awards ceremony on 12 January 2023, ViTrox’s President and Group CEO Chu Jenn Weng was named the EY Entrepreneur Of The Year 2022 Malaysia. [31]

Office locations

Related Research Articles

<span class="mw-page-title-main">Sime Darby</span> Malaysian trading conglomerate

Sime Darby Berhad is a Malaysian trading conglomerate. Its core businesses operate and serve in the industrial, motors and logistics sectors as well as the healthcare, and insurance segments.

DRB-HICOM Berhad is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. DRB-HICOM is the majority shareholder of Malaysia's national car company, Proton, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017. The Group also owns national motorcycle company Modenas, with Japanese two-wheeler giant Kawasaki as its partner. DRB-HICOM assembles cars in Malaysia for Tata Motors, Honda, Isuzu, Mercedes-Benz and Volkswagen, with plans for expansion. The Group also retails various brands such Audi, Mitsubishi and Volkswagen.

Prasarana Malaysia Berhad (Prasarana) (English: Malaysian Infrastructure Limited) is a 100% government-owned company which was set up by Ministry of Finance (Malaysia) as a corporate body established under the Minister of Finance (Incorporation) Act 1957 to own the assets of multi-modal public transport operator in Malaysia, under the government's move to restructure the city's public transport system. It is one of the largest public-transport companies in Malaysia other than Konsortium Transnasional Berhad. As a government-owned company since 1998, it operates stage bus and light metro services via several wholly owned subsidiaries.

<span class="mw-page-title-main">S P Setia</span>

S P Setia Berhad is a Malaysian publicly traded company whose primary business is in property development. It is the largest such company, by sales, in Malaysia. Its other businesses include construction, infrastructure, wood-based manufacturing, and trading. Its portfolio comprises townships, residential high-rises, commercial and retail as well as mixed-use development projects.

<span class="mw-page-title-main">Batu Kawan</span> Suburb of Seberang Perai in Penang, Malaysia

Batu Kawan is an island and suburb of Seberang Perai in the Malaysian state of Penang. It is geographically separated from the rest of Seberang Perai by the Jawi and Tengah rivers. As of 2020, Batu Kawan contained a population of 11,409.

<span class="mw-page-title-main">Rail transport in Malaysia</span>

Rail transport in Malaysia consists of heavy rail, light rapid transit (LRT), mass rapid transit(MRT), monorails, airport rail links and a funicular railway line. Heavy rail is mostly used for intercity services and freight transport as well as some urban public transport, while rapid transit rails are used for intracity urban public transport in the capital city of Kuala Lumpur and the surrounding Klang Valley region. There are two airport rail link systems linking Kuala Lumpur with the Kuala Lumpur International Airport (KLIA) and Sultan Abdul Aziz Shah Airport. The only-functioning monorail line in the country is also used for public transport in Kuala Lumpur, while the only funicular railway line is available in Penang.

The New Straits Times Press (Malaysia) Berhad is a Malaysian newspaper publishing conglomerate, owned by Media Prima. The NSTP publishes several newspapers, including its namesake flagship newspaper as well as Berita Harian and Harian Metro.

<span class="mw-page-title-main">Tabung Haji</span> Hajj fund board in Malaysia

Lembaga Tabung Haji (Jawi: تابوڠ حاج‎; Arabic صندوق الحج‎) also known as Tabung Haji or TH is the Malaysian hajj pilgrims fund board. It was formerly known as Lembaga Urusan dan Tabung Haji (LUTH). The main headquarters is located at Tabung Haji Tower, Jalan Tun Razak, Kuala Lumpur. Tabung Haji facilitates savings for the pilgrimage to Mecca through investment in Shariah-compliant vehicles. Through its subsidiaries, the company also engaged in other industries such as finance, hospitality, property, plantation and information technology.

<span class="mw-page-title-main">Cahya Mata Sarawak</span> Malaysian conglomerate

Cahya Mata Sarawak Berhad (CMSB) (MYX: 2852) is a corporation listed on the Main Market of the Malaysian stock exchange, Bursa Malaysia. It is an investment holding company involved in Sarawak in manufacturing of cement and other construction materials, road construction and maintenance, laying of undersea pipelines, dam construction, smelting, property development, financial services, and education.

<span class="mw-page-title-main">UMW Holdings</span> Malaysian industrial conglomerate

The UMW Holdings Berhad is one of the largest companies and also one of the leading industrial enterprises, serving the economies of Malaysia and the Asia-Pacific region. On 13 December 2023, it was announced that Sime Darby completed the purchase of the majority stake (61.2%) in the company.

<span class="mw-page-title-main">MMC Corporation</span>

MMC Corporation Berhad is a Malaysian utility and infrastructure conglomerate, with diversified businesses under three divisions: Energy & Utilities, Ports & Logistics, and Engineering. Syed Mokhtar Albukhary is the company's biggest shareholder at 51%, while several government-linked investment companies own over 30%.

Konsortium Transnasional Berhad (KTB) (MYX: 4847) is one of the largest public bus operator in Malaysia. The company provides services of stage buses and express buses covering all major cities and towns in Peninsular Malaysia as well as routes to Singapore. KTB debut on Bursa Malaysia on 15 June 2007.

<span class="mw-page-title-main">Malaysia Airports</span> Government owned company

Malaysia Airports Holdings Berhad is a Malaysian airport management company that manages most of the airports in Malaysia. The firm was recently awarded the duty to manage airports in international destinations. It has its head office in the Malaysia Airports Corporate Office in the Persiaran Korporat KLIA in Kuala Lumpur International Airport (KLIA), Sepang, Selangor.

<span class="mw-page-title-main">PLUS Expressways</span>

The PLUS Expressways Berhad is the largest highway concessionaries or build–operate–transfer operator company in Malaysia. A member of the UEM Group, the company is also the largest listed toll expressway operator in Southeast Asia and the eighth largest in the world.

Kulim (Malaysia) Berhad is a Malaysian company. Through its subsidiaries, it engages in oil palm plantation, investment holding, and property investment businesses in Malaysia. The company also manufactures rubber-based products, oleochemicals, and esters; produces oil palm clones by plant tissue culture technology; and distributes tropical fruits, as well as engaging in crude palm oil processing. The Corporate Office of Kulim (Malaysia) Berhad is located at Johor, Malaysia.

<span class="mw-page-title-main">Railway electrification in Malaysia</span>

Railway electrification in Malaysia is a relatively recent development of rail transport in Malaysia. While the first railway in the country dates back to 1885, it was not until 3 August 1995 that the first electrified railway service, KTM Komuter, began operations.

<span class="mw-page-title-main">Sultan Abdul Halim Muadzam Shah Bridge</span> Second highway connecting mainland and island in Penang, Malaysia

The Sultan Abdul Halim Muadzam Shah Bridge, also known as the Penang Second Bridge, is a dual carriageway toll bridge in Penang, Malaysia. It connects Bandar Cassia in Seberang Perai on mainland Peninsular Malaysia with Batu Maung on Penang Island. It is the second bridge to link the island to the mainland after the first Penang Bridge.

<span class="mw-page-title-main">Boustead Heavy Industries Corporation</span> Malaysian shipyard company

Boustead Heavy Industries Corporation Berhad, often abbreviated as BHIC is a Malaysian industrial group specialised in defence, naval and commercial shipbuilding, ship repair, fabrication of offshore structures as well as maintenance, repair and overhaul of aircraft. The company is a public limited company and the largest shareholder is Lembaga Tabung Angkatan Tentera, a government statutory body which provides retirement benefits and a savings scheme for officers of the Malaysian Armed Forces, with a 58.69% stake. The second largest shareholder is Kumpulan Wang Persaraan, a company created by the Malaysian Government as an investment company, with a stake of 7.17%.

Goh Choon Aik is a Malaysian politician who has served as Member of the Penang State Legislative Assembly (MLA) for Bukit Tambun since May 2018. He is a member and Division Chief of Batu Kawan of the People's Justice Party (PKR), a component party of the Pakatan Harapan (PH) coalition.

References

  1. ↑ "Fortune overview". Fortune. April 28, 2023.
  2. ↑ "Financial Quarterly Reports - ViTrox". vitrox.com.
  3. ↑ "ViTrox Corporation Berhad".
  4. ↑ "0097.MY | Vitrox Corp. Bhd Company Profile & Executives - WSJ". www.wsj.com. Retrieved December 8, 2023.
  5. ↑ "World leading automated machine vision inspection solution providers". www.vitrox.com. Retrieved December 8, 2023.
  6. ↑ "Connecting Visions Through V-ONE". VirtualPaper. Retrieved December 8, 2023.
  7. ↑ "Cover Story: Co-founders reflect on building an industry leader". The Edge Malaysia. Retrieved December 8, 2023.
  8. ↑ "Cover Story: Realising ViTrox's vision". The Edge Malaysia. Retrieved December 8, 2023.
  9. ↑ "ViTrox has a vision to go far". The Edge Malaysia. Retrieved December 8, 2023.
  10. 1 2 3 4 "Awards - ViTrox". www.vitrox.com. Retrieved December 8, 2023.
  11. 1 2 3 4 5 "Company Of The Year: ViTrox Corp Bhd - Test equipment giant sets its sights on greater expansion while contributing to the world". The Edge Malaysia. Retrieved December 8, 2023.
  12. 1 2 "ViTrox Campus 2.0 Ground Breaking Ceremony - ViTrox". www.vitrox.com. Retrieved December 8, 2023.
  13. 1 2 3 "ViTrox Annual report 2020". Bursa Malaysia.
  14. ↑ "Vitrox's Official Opening of Centre of Excellence for Machine Vision - ViTrox". www.vitrox.com. Retrieved December 8, 2023.
  15. ↑ "MoU Signing Between ViTrox And MPC – Pocket News". May 5, 2016. Retrieved December 8, 2023.
  16. ↑ "Penang Automation Cluster Sdn Bhd |" . Retrieved December 8, 2023.
  17. 1 2 "Bursa Malaysia ViTrox Annual Report 2021". Bursa Malaysia.
  18. ↑ "ViTrox is Moving to Campus 2.0 Now! [Goreng Goreng]". klse.i3investor.com. Retrieved December 8, 2023.
  19. ↑ "Company Of The Year: ViTrox Corp Bhd - Test equipment giant sets its sights on greater expansion while contributing to the world". The Edge Malaysia. Retrieved December 8, 2023.
  20. ↑ "ViTrox Sets Up German Subsidiary". iconnect007.com. November 18, 2019. Retrieved December 8, 2023.
  21. ↑ "MoU with ViTrox Academy Sdn Bhd". news.utar.edu.my. Retrieved December 8, 2023.
  22. ↑ "ViTrox Launches ViTrox College For Bridging The Gap Between Education And Industry – Pocket News". February 13, 2023. Retrieved December 8, 2023.
  23. ↑ "Vitrox unit buys land worth RM49m from Penang Development Corporation". MIDA | Malaysian Investment Development Authority. Retrieved December 8, 2023.
  24. ↑ "FTSE Russell and Bursa recognise ViTrox for efforts in ESG". www.vitrox.com. Retrieved December 8, 2023.
  25. ↑ "ViTrox Annual Report 2022". Bursa Malaysia. Retrieved December 8, 2023.
  26. ↑ "ViTrox Ranked Top Decile in S&P Global CSA". www.vitrox.com. Retrieved December 8, 2023.
  27. ↑ "Work Based Learning (WBL)". ViTrox College. Retrieved December 8, 2023.
  28. ↑ "ViTrox Open Day & Charity Musical Concert - ViTrox". www.vitrox.com. Retrieved December 8, 2023.
  29. ↑ "Nine Malaysian firms on Forbes Asia list". The Star. Retrieved December 8, 2023.
  30. ↑ "Outstanding achievements brought ViTrox the Iconic award". www.vitrox.com. Retrieved December 8, 2023.
  31. ↑ "Chu Jenn Weng named EY Entrepreneur of the Year 2022 Malaysia". www.vitrox.com. Retrieved December 8, 2023.
  32. ↑ "ViTrox is Moving to Campus 2.0 Now! - ViTrox". www.vitrox.com.
  33. ↑ "Contact us - ViTrox". www.vitrox.com.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.