PREMIER Hytemp, the Edinburgh-based steel company, has invested $20 million (£12.3m) in a second manufacturing site in Singapore.
The company, acquired from Murray International Holdings in a management buyout in 2012, said the 67,000 square foot precision engineering facility will service the downhole tools, wellhead and subsea tree markets. It will complement its existing operation in Singapore, which primarily serves the wellhead and subsea tree markets.
The site is being developed next to Premier's existing 78,000 square foot facility in Jurong, western Singapore, and construction is expected to begin later this year. Premier identified the area because of its port facilities and geographical location, which offers access to Singapore and the rest of Asia.
Chief executive Campbell MacPherson said: "This $20m investment in our second Singapore facility significantly increases our capacity to serve clients in the downhole tools market, and complements our existing offering for wellhead and subsea tree components out of Singapore.
"The expanded scope of the new facility and our ability to manage products from raw material through to fully tested, final machined and assembled consignments... means we are strongly positioned to deepen our relationships with established customers and attract new business."
Premier Hytemp manufactures metal-based solutions for the oil and gas industry, with its products ultimately bound for drilling in the North Sea, Gulf of Mexico and the Far East.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article