An interesting question: Who is the Malaysian billionaire who is automating factories around the globe?
Forbes Magazine says he is a low-profile citizen cofounder and CEO of Penang-based Greatech Technolgy.
Entrepreneur Tan Eng Kee’s company makes industrial automation equipment for a variety of different manufacturers. It is surging demand for electric vehicles and solar energy that has given his company the boost.
It saw its shares jump 330% in the past year, making Tan a billionaire with a net worth of just over $1 billion.
Greatech makes automated equipment for production lines for a host of manufacturers–from medical device makers to renewable energy producers to semiconductor companies.
It is more notable products include a robotic hand for placing solar modules in a production line; equipment for handling solar wafers on a production line, and an automated measuring device for smartphones.
Tan grew up in Penang in what he describes as a “poor family,” the only son among four children. And his success story will inspire many young Malaysians.
