Barnsley, South Yorkshire, England - Laser cutting and engraving company Cutting Technologies will invest a further $695,000 (£450,000) in new machinery, which brings its total investment in the past year to $1.93 million (£1.25 million).
In 2012, Cutting Technologies increased capacity by purchasing a 3 × 2m, 200W Eurolaser, but demand has been so great that the company plans to buy a 400W machine along with a more efficient nitrogen generator, which generates twice the amount of nitrogen using the same amount of electricity.
This capital investment, funded through the government's Regional Growth Fund, will create 10 jobs and will open up new opportunities in the re-emerging construction sectors. Cutting Technologies now employs 30 people and operates six lasers in its 18,000-sq-ft. premises.
Jane Robinson, director at Cutting Technologies, says, "We are attracting some extremely high-profile work across a range of sectors and simply have more work than we have capacity to do."