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{{Use mdy dates|date=May 2024}}{{Short description|Malaysian technology company}}
{{Use mdy dates|date=May 2024}}{{Short description|Malaysian technology company}}
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'''ViTrox Corporation Berhad''' ([[Trade name|MYX]]: 0097) is a [[Malaysia|Malaysian]] technology company based in [[Penang]], [[Malaysia]],<ref>{{Cite web |title=0097.MY {{!}} Vitrox Corp. Bhd Company Profile & Executives - WSJ |url=https://www.wsj.com/market-data/quotes/MY/XKLS/0097/company-people |access-date=2023-12-08 |website=www.wsj.com}}</ref> 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|printed circuit board assemblies]], and electronics communication industries.<ref>{{Cite web |title=World leading automated machine vision inspection solution providers |url=https://www.vitrox.com/company/background.php |access-date=2023-12-08 |website=www.vitrox.com}}</ref>
'''ViTrox Corporation Berhad''' ([[Trade name|MYX]]: 0097) is a [[Malaysia|Malaysian]] technology company based in [[Penang]], [[Malaysia]],<ref>{{Cite web |title=0097.MY {{!}} Vitrox Corp. Bhd Company Profile & Executives - WSJ |url=https://www.wsj.com/market-data/quotes/MY/XKLS/0097/company-people |access-date=2023-12-08 |website=www.wsj.com}}</ref> 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|printed circuit board assemblies]], and electronics communication industries.<ref>{{Cite web |title=World leading automated machine vision inspection solution providers |url=https://www.vitrox.com/company/background.php |access-date=2023-12-08 |website=www.vitrox.com}}</ref>


Revision as of 20:30, 22 May 2024

ViTrox Corporation Berhad
Company typePublic limited company
MYX: 0097
ISINMYQ0097OO004
Industry
Founded2000
FounderChu Jenn Weng
Steven Siaw Kok Tong
Yeoh Shih Hoong
Headquarters
Penang
,
Malaysia
Area served
Worldwide
Products
  • Machine Vision System
  • V-ONE
RevenueIncrease RM750 million (2022)[1]
Decrease RM33 million (2022) [2]
Number of employees
1,039+ (July 2023) [3]
Websitewww.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]

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] As part of its expansion plans, ViTrox relocated its operations to the Krystal Point Office.[9] ViTrox acquired a semi-detached factory in 2001.[9] ViTrox received the "Golden Rim Award" in Taiwan in 2004.[10] Additionally, ViTrox officially launched its 3D machine vision system.[11] In 2005, ViTrox was listed on the ACE Market (previously known as the MESDAQ Market) of Bursa Malaysia. As part of its expansion plans, 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 first overseas sales and support office in Suzhou, China.[11] In 2009, ViTrox moved into the automated x-ray inspection (AXI) and automated optical inspection (AOI) businesses and established the Automated Board Inspection (ABI) Division. ViTrox also introduced the Advanced 3D Optical Inspection System (V510i 3D AOI).[11] In the same year, ViTrox transferred its listing from the ACE Market to Bursa Malaysia.

ViTrox commemorated its tenth anniversary in 2010 with the opening of the ViTrox Innovation Centre (Phase 2).[12] During this time, ViTrox established the Machine Vision System – Texas (MVST) division and launched the Advanced 3D X-Ray Inspection System (V810i 3D AXI).[11] In 2011, the company moved into its new building, the ViTrox Innovation Centre (Phase 2).[13] Additionally, ViTrox launched the Tray-Based Vision Inspection Handler (TH1000i). In 2014, ViTrox opened the Centre of Excellence for Machine Vision, a centre for research and development.[14]

In 2016, ViTrox signed a memorandum of understanding with the Malaysia Productivity Corporation[15] and launched V-ONE.[13] In 2017, the company entered into a joint venture partnership to form Penang Automation Cluster Sdn. Bhd.[16] Also that year, ViTrox set 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] The company launched the Advanced Robotic Vision (V9i).[13] In 2019, ViTrox moved into the Penang Automation Cluster (PAC)[19] and opened offices in Germany and Shenzhen, China.[20] ViTrox signed memorandums of understanding with Universiti Tunku Abdul Rahman and the Centre of Goodness Studies.[21]

In 2020, ViTrox established its own education arm, ViTrox Academy,[22] and also formed ViTrox Agritech.[17] In May 2021, ViTrox announced the acquisition of approximately 21.04 acres of land in Batu Kawan Industrial Park, Penang, as part of its ten-year expansion master plan.[23]

In December 2021, ViTrox qualified to be added to the constituents of the FTSE4Good Bursa Malaysia (F4GBM) Index and the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index. This qualification came after meeting the standards of FTSE Russell and Bursa Malaysia Securities Berhad.[24] In 2022, ViTrox had a FTSE4Good ESG rating of four stars under the technology industry classification benchmark for two years.[25]

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

ViTrox established ViTrox College, which 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

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. ^ a b "ViTrox has a vision to go far". The Edge Malaysia. Retrieved December 8, 2023.
  10. ^ a b c d "Awards - ViTrox". www.vitrox.com. Retrieved December 8, 2023.
  11. ^ a b c d e "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. ^ a b "ViTrox Campus 2.0 Ground Breaking Ceremony - ViTrox". www.vitrox.com. Retrieved December 8, 2023.
  13. ^ a b c "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. ^ a b "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.
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