The firm in north Cornwall will take delivery of the new 250,000 M500 Tamarack when it moves into the 1,200m site around June.

Managing director Terrye Jones said the firm's kit was currently split between three sites in Launceston, and the move would bring its Didde VIP and Morgan presses under the same roof as the supporting kit.

The new die-cutter will work alongside another Tamarack to produce peel-out labels and cards. KCS is one of only two UK firms licensed to produce the Hydalam pinmailer used by banks and building societies to reveal account pin numbers on letters.

"This used to be a classic continuous business forms company, but we saw the writing on the wall for this kind of work alone and realised we had to add value, which is why we took on the Hydalam licence," Jones explained.

She added that he is also looking into buying a digital press and taking on three more staff.