One of the UK’s leading industrialists helped a Birmingham precision component manufacturer mark its largest ever investment.

Lord Digby Jones visited Brandauer’s Newtown facility as part of its 150th anniversary celebrations and used the occasion to officially commission the company’s two new high-speed Bruderer presses that will produce more than two billion parts every year.

The £750,000 investment has the potential to add £2 million of new sales to the firm’s £9 million turnover and increases its ability to offer tool transfer services to clients in the aerospace, automotive, and renewables sectors.

Lord Jones said: “I was very impressed with what I saw at Brandauer. This is a company that recognises the need to continually improve the way it does business if it is to compete with international rivals.

"This investment in the new presses is a clear indication of its desire to be the best in the world and I’m delighted to see the same commitment is in place to developing its workforce.”

He added: “With nearly 80 per cent of its turnover going overseas, it’s a great example of how the West Midlands can still be a global manufacturing force.”

The new machines are capable of 2,000 strokes per minute, which is more than twice as fast as any machine the company previously possessed. It also boasts an upgraded tool loading area of up to 1,250mm, which allows the firm to accommodate larger modular tools with more complex, additional operations.

David Spears, managing director at Brandauer, said: “At £750,000, this is the largest single investment we have ever made and gives us greater speed, greater quality and greater efficiency to target new sectors.

“We’ve already won new work that will go straight on the presses, including complex parts for automotive electronics and an alternative fuel cell.”

The Birmingham Post recently reported that Brandauer appointed well-known Birmingham businessman John Crabtree as its new chairman as it embarked on growth plans.