A producer of engine oils and lubricants which has seen turnover almost triple in ten years has opened a new state-of-the-art research and development centre.

Millers Oils, which has been supplying lubricants to improve efficiency, opened the new £500,000 facility in Brighouse on Tuesday.

The 125-year-old company has said the facility would give them the ability to develop low-friction oils that “set new standards for efficiency”.

The company’s turnover has risen from £10 million to £27 million in the last decade, a rate of growth it hopes the new research and development centre will help continue to support.

Joint managing director Nevil Hall said: “The new research and development centre is essential to ensure we continue the steep growth we have experienced for the last decade.

“As a relatively small company it is important that we develop innovative solutions to meet the challenges our customers face.

“Today we have seen that there is a huge amount of interest in Millers Oils.

“It’s a testament to all the people who work here that we continue to punch above our weight and draw such interest from key figures in the industry such as Lord Drayson who took time out of his schedule to speak at the event.”

Recognised for its commercial success in 2012 with a Queen’s Award for ‘Enterprise: International Trade’, the company is expanding its horizons with major industrial supply contracts at home and overseas. The award was presented at the event by Tim Hare, Vice Lord Lieutenant of West Yorkshire.

The company was the first to offer diesel-specific engine oil for cars and this year saw the company unveil nanotechnology engine oils.

The firm has said it is able to use its expertise gained in motorsport and performance car development to ensure it remains a leader in vehicle oils, classic vehicle oils and industrial lubricants.