One of the oldest manufacturers in Birmingham is targeting a £10m turnover after announcing major expansion plans and its biggest investment to date.
Brandauer, a specialist in precision pressings and stamping that is celebrating its 150th anniversary in 2012, invested £750,000 into two Bruderer presses which will increase capacity, improve accuracy and open up a host of new markets.
It represents the largest single investment in the company’s history, with the new machines able to produce a staggering 2 billion parts every year, worth up to £2.5m in potential new sales.
David Spears, managing director at Brandauer, commented: “This year has started well and we’re winning new business in both existing and new markets, including exciting orders for complex and larger components for the medical and renewable sectors respectively.
“Turnover has rocketed to over £9m and we have reached a stage where we require additional capability in order to meet anticipated client demand.”
Funded entirely through its own reserves, Brandauer tapped into its long-term relationship with Bruderer to purchase the two high-speed fully automated power presses.
Spears continued: “This is a real show of intent and will illustrate to existing and new customers that we plan to offer them the very best level of service and manufacturing performance.”
The two presses have been ordered and will be delivered to the firm’s Newtown facility by April 2012.
Adrian Haller, managing director at Bruderer UK, commented: “At £750,000, this is the largest order we have secured in our history and is a further indication that UK manufacturing is committed to being the best in the world.”
Brandauer, which is one of nine companies that make up MAN (Midlands Assembly Network), produces over four million parts every week for customers in the automotive, aerospace, electronics, medical and alternative energy sectors.