Metal-based solution provider Premier Hytemp has invested $20million in a second base in Singapore.
The Edinburgh-based company will create a 67,000 square foot precision engineering facility which will serve the downhole tools, wellhead and subsea tree markets to complement the company’s manufacturing operation in Singapore. Construction on the facility is expected to start later this year.
Campbell MacPherson, chief executive officer of Premier Hytemp, said: “This $20million 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 expansion is part of an overarching strategy to build on its Singapore operations after landing £23million worth of contracts in the area.