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Malta banknote printing plant to remain open

Categories : Cash is efficient
November 28, 2016
Tags : Banknotes, Cash handlers Print-works, Quality, Security features
De La Rue will maintain its printing works in Malta, contrary to previous declarations.
Communication Team / Equipo de Comunicación

UK company De La Rue – the world’s largest security printer for banknotes and passports – recently announced that it will continue to print banknotes in their Malta factory, reversing their previous decision to end the production on the island earlier this year.

De La Rue first intended to close the plant in order to focus its resources on the future Centre of Excellence for Identity and Security Print that should open in Malta in 2017, but finally decided to retain the currency printing activity and transfer it in the new Centre. Supported by strong commercial results, this recent change in strategy was made to meet customer needs and offer a more flexible production capacity in-house. By next year, the workforce in Malta is expected to reach 500 employees.

During a meeting with De La Rue’s representatives, Malta’s Prime Minister Joseph Muscat declared that the country is proud of its 40-year relationship with the security printer and welcomed their decision to continue printing currency on this island of the Mediterranean. Moreover, Malta is committed to offer new training programmes to provide this industry sector with more skilled professionals. 

To read De la Rue’s press release, click here.