Midland firm Accurate Laser Cutting has invested £1 million in three high-powered machines to keep up with production demand after announcing a record £2.5 million turnover.

The Oldbury-based firm, which specialises in laser profiling and press-brake work, has also recruited four new employees as part of its long-term expansion plans.

The investment includes two Byspeed 6KW laser cutting machines costing £900,000 and one Amada 130 ton HFE press brake machine.

Accurate Laser director Jon Till said the machines are renowned for being the best in the business for their high out-put speeds, enabling higher productivity rates.

He said: “We are proud of being part of the UK’s manufacturing resurgence and here at Accurate Laser Cutting we are certainly doing our bit.

“The recent investment in Laser Cutting and folding machinery has topped £1 million with a further £500,000 worth of equipment on order for our brand new depot in Rotherham which will be opened later this year.

“This major investment places us in a strong position to service our customer’s demands and gives a solid platform in which to continue our roll out plan. The record turnover this year gives us more confidence in our business model and will assist in the company’s future growth which will come in the form of a brand new manufacturing depot planned for 2013.”

A new weekend shift is also being introduced at Accurate Laser Cutting to keep up with increased orders and serve their loyal and new customers effectively.

The firm is aiming to reach a turnover of £3 million in the next financial year.