The Premium Group’s History dates back to 1978 when Premium Vegetable Oils was set up as a lauric based edible oil refinery in Pasir Gudang, Malaysia. Over the next quarter of a century, the Company grew from strength to strength gaining worldwide reputation as a major player in the industry. In 2002, it acquired an Indian company which was predominantly a bulk oil refiner; but operations of this entity were discontinued in 2016. On the 1st of August 2003, Premium Vegetable Oils listed its group under the name Premium Nutrients Bhd. Yet another subsidiary, Premium Fats Sdn Bhd, commenced operations in 2004 as a margarine and specialty fats manufacturer with a product range that included Margarine, Shortening and Butter Blends.
In 2011, Goodhope Asia Holdings Limited acquired 100% of the controlling interest in three subsidiaries of Premium Nutrients Bhd.Today, the Premium Group with two operational refineries in Malaysia; represents the edible oils and fats business segment of Goodhope Asia Holdings Limited.