business & market news
8
Tube Products International July 2014
Contract heralds start of global growth plan
Premier Hytemp, a manufacturer of
precision engineered alloy components
for the oil and gas industry, has secured
new business potentially worth more
than £25mn over the next three years,
and is planning a significant expansion
of its manufacturing capabilities in
Scotland and Singapore.
The firm, which recently announced the
appointments of Campbell MacPherson
as chief executive officer and Gavin
Rippe as chief commercial officer, has
been laying the foundations for global
growth since its management buyout at
the end of 2012.
It is planning to expand its manufacturing
operations, located in the UK and
Singapore, to create additional capacity
to meet market demand, and expects
to increase its 200-strong worldwide
workforce by up to 50 per cent in the
next three years.
Premier Hytemp is an expert in the
manufacture and supply chain
management of precision engineered
alloy components for the energy
sector onshore and offshore, including
wellheads, valves and downhole tools.
Two new contracts with undisclosed
clients servicing the oil and gas industry
– one for a minimum of three years and
another for one year with a second year
option – could be worth up to £25mn
over the next three years, and will
draw upon Premier Hytemp’s full suite
of capabilities. Their scope includes
the supply of wellhead components
for harsh subsea environments in a
variety of formats, from raw material
to marshalled kits for on-site assembly
and complete turnkey assemblies, and
the supply of high-value nickel alloy
as cut pieces and machined to shape.
Their combined value in year one is
around £7mn.
Company chairman Maurice McBride
said, “Premier Hytemp is strongly
positioned, with the full backing
of its investor, to capitalise on new
opportunities in the global oil and gas
market while extending the range and
depth of services it already provides
to its extensive client base of original
equipment manufacturers and leading
service companies in the industry. Within
the next year we intend to increase the
scale of our Scottish manufacturing
base and to expand our manufacturing
operation in Singapore. The resulting
new capacity will enhance our ability to
meet the needs of a rising market and
create up to 100 new jobs by 2017.”
Since November 2012, the company
has completed significant investment in
Singapore, with a fourth heat treatment
furnace and second set of quench tanks;
new systems and procedures to deliver
enhanced operational efficiency; and
the development of a comprehensive
strategy for the future direction of the
business.
Premier Hytemp
– UK
Maurice McBride
Insulation and installation for
Northern Courier
Logstor has received a contract from
TransCanada PipeLines to provide
pipeline insulation and installation
services for the Northern Courier
Pipeline Project.
The pipeline for the proposed project
is 90km in length and will transport
bitumen between the Fort Hills mine
site and the East Tank Farm located
north of Fort McMurray, Alberta,
Canada.
A portion of the contract has been sub-
contracted to Shaw Pipe Protection, a
division of ShawCor Ltd.
The contract involves coating 90km
of 610mm (24") diameter pipe with
insulation coating.
This is expected to commence during
the third quarter of 2014 and will be
executed at Shaw Pipe Protection’s
pipe coating facility in Camrose,
Alberta.
Logstor is a supplier of pre-insulated
pipe systems for energy-efficient
transportation of liquids and gases for
district heating and cooling, marine
and industrial purposes, as well as
oil and gas pipelines. The systems
consist of pipes, joints, fittings and
surveillance. The company has
delivered more than 170,000km of
pre-insulated pipes.
Headquartered in Denmark, Logstor
has subsidiaries in Austria, China,
Finland, France, Germany, Italy,
Lithuania, the Netherlands, Poland,
Romania, Russia, Sweden and
Switzerland, as well as a network of
agents and sales offices.
Logstor A/S
– Denmark
