More than 1.4 million new industrial robots will be in factories around the world by 2019. By 2020 this market is projected to exceed US$350mil.1 The industry is coming of age, and Penang is well positioned to capitalise on it.
Penang’s E&E industry remains the bedrock of the state’s economy, contributing to 36.7% of Malaysia’s exports as of January this year. It will remain absolutely crucial in the years to come amid an expected explosion in the growth of the global automation market.
Or at least, it should be. ViTrox Corporation CEO Chu Jenn Weng notes that local SMEs still have some way to go before they can be taken seriously as global players. For starters, quality: “The quality of parts is very hard to control. We spend a lot just on quality control of the parts we receive, then we need to notify (our suppliers), and that costs us a lot of time and money.”
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