A precision pressings and stamping firm which has a history spanning three centuries has won a series of contracts worth £3.5 million.

Brandauer, which employs 50 people at its headquarters in Birmingham, will begin production on a range of new complex components destined for the automotive, security detection and renewables markets this year.

The deals come as the company celebrates its 150th anniversary after going from humble beginnings in 1862 and soon became one of the leading manufacturers in the Birmingham pen trade, exporting throughout the world.

Located less than 200 metres from its original Grade II listed factory, it remains an independent, wholly family-owned business, now in its sixth generation.

Rowan Crozier, sales and marketing director, said the company exports billions of parts every year, from China to the United States.

He said: “2012 is a massive year for Brandauer and one where we can reflect on our 150 year history, celebrate our achievements while looking forward to future growth.

“The new contracts are a perfect start to the celebrations and illustrate how we are using the same skills of quality and innovation, that were fundamental in founding the business, to secure the firm’s future.”

He continued: “We are also investing close to £1 million on state-of-the-art equipment, including two new high-speed Bruderer presses that will produce up to two billion parts every year.”

Under its bold new 150th logo, Brandauer plans to exploit its anniversary to the full, including publishing a 36-page history of the family business, VIP visits to the factory, and a design competition for first-year students at the Birmingham School of Jewellery.