A LASER cutting and engraving firm which has successfully ventured into new markets in recent years is set for further success after investing £500,000 in groundbreaking technology.

Barnsley-based Cutting Technologies recently took delivery of a next generation fiber laser, one of the first of its kind in the UK.

The capabilities of the new machine will allow the company to compete for customers in new target markets including healthcare, manufacturing and electrical components.

The state of the art machine can cut non-ferrous materials such as copper and brass more easily and at much greater thickness than previous lasers.

It works at quicker speeds and greater efficiency, making laser cutting a viable alternative to other manufacturing techniques like water jet cutting and punching.

Jane Robinson, director of Cutting Technologies, said: "We've been keeping an eye on the fiber laser market for a while but feel that the time is right to invest.

"The latest machines are head and shoulders above the first fiber lasers and are not only much quicker and more efficient but also allow us to do much more with metals like brass and copper.

"This is our first fiber laser but we're planning to buy another before the end of the year.

"The last few years have been challenging for those of us working in manufacturing but we're definitely seeing an upturn in the market and we want to be in the perfect position to capitalise on the increasing confidence.

"We're investing heavily in staffing, marketing and new equipment and have a clear strategy for growth.

"It's exciting times for Cutting Technologies."