An £800,000 investment in new technology has already paid off for Birmingham-based Brandauer, the precision component manufacturer has said.
The company, part of the Midlands Assembly Network (MAN), has bought two GF Agie Charmilles wire EDM machines in a bid to win contracts in new markets and to support its expansion.
The machines, which been operational for three months, have helped the 151-year-old business make £200,000 worth of progression tools for projects ranging from surgical device blanks to micro-surveillance component applications for clients in the life protection sector.
Sales and marketing director Rowan Crozier said: “This is an important milestone for us and reinforces our desire to be a world leader in precision components.
“These machines are very rare in the UK and are a direct response to what our existing and new customers want and expect from their suppliers.”
Brandauer, which has been assisted on the investment by business and tax advisers Chantrey Vellacott DFK, has been developing a complex component tooling set for use in zero emission, remote power generation which can be used as a back-up power supply in countries where regular interruptions occur.
It has now had the prototype part approved for pre-production and the business plans to be manufacturing more than 60,000 units a month for shipment and assembly in China in late 2014.
This would be worth £720,000 next year, with the potential to eventually surpass £1m as volumes increase to cope with demand, Crozier added.
“Our marketplace is extremely competitive and we have to be the best…so investment in staff, new technology and machines is vital,” he said.