Premier Hytemp, a leading provider of metal-based solutions to the oil and gas industry, is increasing its engineering capability in Singapore with the development of a second manufacturing facility.
The US $20 million investment by the Edinburgh-headquartered company will create a 67,000 square foot precision engineering facility which will serve the downhole tools, wellhead and subsea tree markets. This will complement the established Premier Hytemp manufacturing operation in Singaporewhich primarily serves only the wellhead and subsea tree markets.
The company has acquired land for the development adjacent to its existing 78,000 square foot facility in the industrial area of Jurong in western Singapore and expects to start construction later this year. The strategic location offers easy access to Singapore and throughout the Asia with excellent port facilities for export shipments.
Premier Hytemp is a leading engineered solution provider for low alloy, stainless steel and nickel alloy products in the global oil and gas industry. It manufactures operationally critical components for the industry’s major original equipment manufacturers and service companies for applications in wellheads and production equipment, well construction, valves and actuators, and downhole tools. It is known for its engineered solutions to complex supply requirements, its innovative processing of materials and its ability to consistently meet challenging lead times from its modern manufacturing facilities in the United Kingdom and Singapore.
The company is highly responsive to client needs and can service contracts ranging from one off commissions with short turnaround times through to providing turnkey solutions and full supply chain management. Its suite of services include sawing and proof machining, heat treatment, testing, final machining, cladding and assembly and is fully supported by its in-house technical team with expertise in metallurgy, forging, heat treatment, welding and project engineering.
The management buyout of Premier Hytemp in November 2012 was backed by Dunedin, the UK mid-market private equity specialist.
Campbell MacPherson, chief executive officer of Premier Hytemp, said: “This $20 million investment in our second Singapore facility will significantly increase our capacity to serve clients in the downhole tools market and complements our existing service 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 – supported by extensive in-house technical expertise developed over 30 years – means that we are strongly positioned to deepen our relationships with established customers and attract new business. Our control of all aspects of the product manufacturing process also provides our clients with additional assurance in terms of quality control and on time delivery.”