Metals firm unveils Asian expansion investment

Premier Hytemp, the Edinburgh-based firm which specialises in producing metal products for the oil and gas industry, has expanded its footprint in Asia through a multimillion dollar investment in Malaysia. The company has acquired a 35,000 sq ft precision machining facility to add to its existing capacity in the region at a site in Singapore. The investment is being supported by private equity firm Dunedin, which invested in the firm’s 2012 management buyout from Sir David Murray’s business empire.

Premier’s chief executive, Mohit Sreen, said the investment “puts us in the strongest possible position for the market upturn.”