A Midland manufacturing firm is backing the economic recovery by announcing its biggest ever investment in new machinery, after record breaking turnover figures.
Cannock-based laser cutting subcontractor Laser Process has placed a £1 million order for two new Trumpf laser cutting systems.
Dave Lindsey, managing director of the Keys Park firm, said the investment demonstrates the company’s commitment to the economic upturn.
The announcement comes after the firm experienced its best ever month of trade in March with sales at £540,000, compared to the previous best of £492,000 which was recorded in February 2008.
Trading confidence at the firm has received a further boost after it secured its largest ever single order in March for more than £100,000 worth of steel decking plates.
The new Trumpf machines, which are renowned as world leading manufacturers in quality laser cutting systems, will increase the firm’s capacity by 25 per cent.
The purchase is part of an ongoing company reinvestment policy involving continually updating machinery with the very latest technology to provide the highest level of customer service. The current investment marks the 10th and 11th systems the subcontractor has ordered from the company since buying their first Trumpf machine in 1994.
Laser Process is one of the top five firms in the UK in its field, specialising in precision cutting of all types of metal for a wide range of engineering applications. The business, which employs 36 staff and has a multi-million pound turnover, celebrated its 20th anniversary last year.
Mr Lindsey said: “We have always invested in the latest technology so we can continue to offer the highest level of quality to customers, and we’re continuing to do that to make sure our service remains the best.
“This order also shows our belief in the economic upturn, we’re backing that with £1 million, the largest ever single investment in the firm. Business at the moment is going very well with our strongest ever month in terms of turnover and the largest single order we’ve ever had. The main reason for that is customers know we’ll do the very best for them.”
The new laser cutting systems will be built to order and are set to be installed by the end of June.