Latest news with #VisionLabs
Fashion United
08-08-2025
- Business
- Fashion United
Specsavers to make five million pound investment in supply chain
Eyewear specialist Specsavers is set to expand and upgrade its UK supply chain through an investment that intends to usher in a new chapter for its manufacturing facility in Kidderminster, Worcestershire. According to a report by the Retail Times, the retailer has planned to invest five million pounds over a two year period in the site, which serves as its Vision Labs production facility, creating prescription lenses for the brand's 900 national stores. Through the funding, which will include an upgrade in technology to streamline its manufacturing process, Specsavers said the site's production capacity will increase from 140,000 to more than 200,000 lenses per week once completed. Next to addressing rising demand across the UK, Specsavers is also expecting the facility's upgrade to come with a number of environmental benefits, including efficient use of electricity and reduced water consumption. In a statement, director of European manufacturing and distribution operations, Lee Timbrell, said: 'Today's announcement is an important milestone for Vision Labs and marks an exciting new chapter for the site and its 350-strong team, who work tirelessly to provide the very best service to our stores throughout the UK. 'This investment is a commitment to them, to our customers and to the future of Specsavers in the UK.' FashionUnited has contacted Specsavers with a request for more information.
Borneo Post
17-05-2025
- Business
- Borneo Post
Samenta seals strategic partnerships with Russia at KazanForum 2025
Veecotech chief executive officer Alain Lye (right) exchanges the MoU with VisionLabs director Dmitry Kulakovsky, witnessed by Ng (centre). KUCHING (May 17): The Small and Medium Enterprises Association of Malaysia (Samenta) sealed four memoranda of understanding (MoUs) with its Russian counterparts during the 'Russia–Islamic World: KazanForum 2025'. The first MoU was inked with the Agency for Strategic Initiatives (ASI) to collaborate on small and medium enterprise (SME) innovation policies, talent mobility, and joint technology accelerators, said Samenta in a statement today. 'The second MoU was signed with the Association of Clusters, Technology Parks and Special Economic Zones of Russia, aimed to establish a bilateral innovation corridor connecting SMEs and Special Economic Zones (SEZs) in both countries. 'The third MoU was sealed between Samenta member, Veecotech Solutions Sdn Bhd and VisionLabs, to co-develop and commercialise AI-driven computer vision applications in Southeast Asia. 'The last MoU was inked between Veecotech, ICL (Russia) and Kazan IT Park, aimed to incubate cross-border startups and conduct joint research in cybersecurity, cloud infrastructure and enterprise platforms,' it added. According to Samenta national president Datuk William Ng, these agreements represent actionable frameworks to bring Russian and Malaysian SMEs together not just for trade, but for co-creation and innovation. 'Among the memoranda signed were with Russia's Agency for Strategic Initiatives, an innovation agency personally chaired by President Vladimir Putin. 'This shows the importance of Malaysia to Russia, and the honour the country places on Malaysia and our Prime Minister,' he said. Ng pointed out that the successful engagements in Kazan are aligned with Samenta's #samenta2036 vision of building omnipresence for Malaysian SMEs and ensuring they are integral players in the global value chain. He expressed deepest appreciation to Prime Minister Datuk Seri Anwar Ibrahim for including SMEs in Malaysia's international economic diplomacy and for ensuring that the country's entrepreneurs are given global visibility and opportunities. Additionally, he hailed Anwar's successful mission to Russia as a major milestone for Malaysia-Russia economic ties, with tangible outcomes for the SME sector. 'The Prime Minister's participation in the KazanForum 2025 marked a renewed commitment to multilateral engagement, with SMEs taking centre stage,' he added. Ng led a delegation of 10 Malaysian SMEs participating in the KazanForum 2025 and a series of business and innovation dialogues focused on SME internationalisation, digitalisation, and industrial cooperation. He was a featured speaker at two high-level forums, namely the 'Russian-Malaysian Economic and Industrial Cooperation: Opportunities for Growth through Technology and Innovation' and 'International Association of BRICS SEZ: A Platform for Multilateral Economic Cooperation between Russia and the OIC'. 'Our message was clear: 'Malaysian SMEs are agile, tech-savvy, and ready to engage with global partners'. This forum gave us the ideal platform to initiate direct collaboration with Russian agencies and innovation clusters,' he said.
