Birmingham-based precision component manufacturer Brandauer is closing its 150th anniversary year with a bang by announcing the purchase and installation of £750,000 worth of new equipment.
The investment is the single largest that the firm has ever made.
When the two new machines are installed Brandauer will be the first company in the world to own both a Bruderer BSTA 510-123B2 and BSTA 280-75B2 press, that use B2 control technology and high-speed precision servo feeds.
Asset finance was provided by Barclays. The facility will enable the £9m turnover company to accommodate larger modular tools with more complex additional operations.
Brandauer hopes that the new investment will generate £2m worth of new sales in the medium term. It will also extend the firm’s tool transfer services, increasing new revenue opportunities in a range of sectors where it serves customers including aerospace, automotive, electronics and renewable energy.
Managing director David Spears said that the investment is already paying dividends with “new contracts including complex parts for both automotive electronics and an alternative power generation system recently secured.”
“The 150th anniversary is a major milestone for the business and we’ve already marked it with a Royal visit, the launch of a new book and successful appearances at MACH, IFSEC and Subcon,” he added.
Commenting on the provision of finance for the equipment purchase, Joe Kavanagh, relationship director at Barclays, said: “Brandauer’s latest investment in technology will ensure the business continues to grow and maintain its competitive edge. This transaction demonstrates Barclays appetite to support the manufacturing industry.”
Representatives from Barclays, which has had a relationship with Brandauer for over 10-years, have shared in the celebrations for the its 150th anniversary this year. Barclays head of corporate relations, Matt Hammerstein, recently visited the firm to present a silver salve to mark the birthday.