Investing in Cash Production

Below are some of the central banks, printworks, and substrate makers that have either recently concluded major investments in expansion or new facilities, are in the process, or planning to do so.

Commercial producers:

• Canadian Bank Note – upgrading
• De La Rue – expanding
• Giesecke+Devrient – expanding
• Oberthur Fiduciaire – expanding
• Q&T HiTech – new polymer plant

State producers:

• Banque de France – new printworks with 2 full lines (completion 2027) 
• Bangko Sentral ng Pilipinas – new greenfield printworks and mint under construction 
• Bank of Mexico – second line for printworks in Guadalajara
• Casa da Moeda do Brasil – upgrading
• Central Bank of Egypt – new printworks and cash centre (completed 2022) 
• Central Bank of Türkiye Banknote Printing Plant – 2 new lines, new printworks planned 
• China Banknote Printing and Minting (CBPM) – new printworks and polymer facility (completed) 
• Hotel des Monnaie, Algeria – new printworks in progress, foundations built 
• Hotel des Monnaie, Dem Rep of Congo – new line being installed
• Nigeria Security Printing and Minting Corporation (NSPMC) – upgrading existing equipment in Abuja and Lagos; a new printworks has been proposed 
• Banknote Paper Mill India – currently tendering for two new paper lines 
• IMBISA (Spain) – a new SPW entrant
• Pakistan Security Printing Corporation – new printworks on greenfield site 
• PWPW – new greenfield site proposed; in meantime, existing facility being upgraded.
• Security Printing and Minting Corporation of India (SPMCIL) – expansion and upgrade 
• South African Bank Note – upgrade
• National Banknote Printing Plant (Vietnam) – new printworks under construction 
• US Bureau of Engraving and Printing (BEP) – new intaglio and offset lines being installed at Fort Worth and Washington DC facilities. New greenfield site in Maryland on hold 
• Valora (Portugal) – upgrade.