Latest News

Astrid Mitchell

27 May 2021

1 min read

Celebrations for Royal Dutch Kusters Engineering

Royal Dutch Kusters Engineering, the oldest manufacturer of currency destruction systems, is celebrating its 110th anniversary this year, on 9 June.

Companies

Astrid Mitchell

27 May 2021

2 min read

CCL Secure Targets Note/Coin Boundary with SPARTAN

CCL Secure has unveiled SPARTAN™ – an ‘ultra-durable’ new polymer substrate that has been designed specifically to provide a new option for central banks and issuing authorities who have low denomination, high transaction velocity denominations that sit on the cusp of the note/coin boundary.

Banknotes Coins Companies

Astrid Mitchell

29 April 2021

4 min read

News in Brief

Brink’s has bought PAI, Inc, the largest privately-held provider of ATM services in the US, for $213 million. PAI offers managed services and tools for ATM owner-operators, as well as owning its own ATMs. It writes its own software, providing cash management and maintenance solutions for ATMs.

Coins Companies News

Astrid Mitchell

29 April 2021

2 min read

Manufacturing Excellence – the Seprinto & Partners Way

As part of a series of webinars from the World Banknote Summit, Jacques Lang presented for Seprinto & Partners (S&P) three examples of how they have helped banknote printers optimise their production, reducing their consumables and waste.

Companies Technology

Astrid Mitchell

29 April 2021

3 min read

G+D and UN Global Compact – Greener Banknotes

With a climate goal of a 25% reduction in CO2 emissions by 2022 (base year 2016), Giesecke+Devrient (G+D) and its papermaking and feature subsidiary Louisenthal state that they are making a significant contribution towards climate protection – surpassing the goal, and achieving a reduction of 32% in 2020.

Companies Sustainability

Astrid Mitchell

29 April 2021

3 min read

Portals Invests to Deliver Sustainability

Portals published its Sustainability Report on April’s Earth Day. With two UK paper mills, one at Overton making banknote paper based on cotton and one at Bathford making security papers based on wood pulp, sustainability is potentially a big issue for the company.

Companies Sustainability

Astrid Mitchell

29 April 2021

3 min read

G+D Reports Strong 2020 Despite the Pandemic

Giesecke+Devrient, like so many other companies, has faced considerable challenges over the past year. But through effective cost management and by increasing the margins in its business, it was able to boost its operating result for 2020 by 13% to €153 million on revenue of €2.3 billion, which was only slightly down (-5%) on last year. The net profit for the year was €43 million.

Companies COVID-19

Astrid Mitchell

29 April 2021

4 min read

A Match Made in Heaven – Portals to Acquire Fedrigoni’s Security Business

Portals, the second largest commercial banknote and security paper manufacturer, has entered into an agreement with Fedrigoni, one of the leading European producers of specialty papers and self-adhesive labels, to buy its security business based in Bollate in Italy, which specialises in security threads and foils.

Banknotes Companies

Astrid Mitchell

29 April 2021

1 min read

Major Milestone for Schuler

Schuler Press, the leading manufacturer of coin production equipment, has reached a major milestone with the sale this month of its 1,000th high performance minting press.

Companies

Astrid Mitchell

29 April 2021

2 min read

G+D Partners with Doconomy for Payments

G+D has also announced that it is joining forces with the Swedish fintech start-up Doconomy to enhance payment solutions with digital sustainability-oriented tools.

Companies Sustainability

Astrid Mitchell

29 March 2021

2 min read

KOMSCO Implements Emergency Measures

The state-run Korean Minting, Security Printing and ID card Operating Corp (KOMSCO) has announced the implementation of an emergency management system in the face of losses sustained last year.

Companies COVID-19

Astrid Mitchell

29 March 2021

1 min read

Shareholders Approve G4S Acquisition

G4S shareholders have accepted a £3.8 billion from Allied Universal, bringing to a close a months-long battle between two firms to take control of the security services company.

Companies

Astrid Mitchell

29 March 2021

1 min read

People in the News

The Federal Reserve of New York has announced the appointment of Naureen Hassan as its First Vice-President and Chief Operating Officer (COO). She replaces Michael Strine, who retired at the end of February.

Central Banks Companies News

Astrid Mitchell

29 March 2021

3 min read

Orell Füssli Results for 2020 Demonstrate Resilience

The COVID-19 pandemic is a prime factor in companies’ financial results for the last year, and for most its impact has been negative. Orell Füssli’s results are no exception. In an opening statement it said the company ‘held its own in a difficult market environment in 2020. Although sales and profitability were lower than in the previous year and cash flow was negative due to high capital expenditure, our balance sheet allows us to pay a dividend to our shareholders’.

Companies

Astrid Mitchell

29 March 2021

4 min read

Five Winners in Expanded Range of Central Banking Awards

The National Bank of Ukraine, the ECB and Federal Reserve, Crane Currency and CCL Secure are among the winners in the Central Banking Awards 2021, presented annually by the Central Banking Journal and which this year have nearly doubled in number to 29.

Central Banks Companies

Astrid Mitchell

29 March 2021

2 min read

Checking in With You – About Corvina

According to Jura, COVID-19 has required a lot of strategic rethinking. The company’s core way of conducting business has always been in-person, building rapport with current and future clientele via personal contact.

Companies Technology

Astrid Mitchell

29 March 2021

2 min read

Koenig & Bauer Exceeds Forecast, but Pandemic Takes Toll

Revenue for 2020 of €1.03 billion exceeded Koenig & Bauer’s guidance of €900-950 million, but was €217.2 million (17 .4%) lower than that achieved in 2019, according to its recently announced results.

Companies COVID-19

Astrid Mitchell

29 March 2021

2 min read

Goznak Moves into Digital Payments

Russian banknote printer and papermaker Goznak is the latest in a series of currency suppliers to move into digital payments, having signed an agreement to acquire a stake of 50% plus one share in fintech company Preprocessing Settlement Center JSC (JSC PRT), which operates under the Uniteller trademark.

Companies

Astrid Mitchell

29 March 2021

5 min read

COVID-19 Recovery Dominates Markets

This is now the fifth Industry Watch where COVID-19 has been the main influence on company performance and market trends, and this situation is unlikely to change any time soon.

Companies COVID-19

Astrid Mitchell

29 March 2021

2 min read

Prosegur Takes Over Services from Cash Subsidiary

Prosegur Compañia de Seguridad (Prosegur) and its listed subsidiary Prosegur Cash have reached an agreement for the acquisition, by the former, of most of the process outsourcing and value-added services business developed by Prosegur AVOS, which was founded and is owned by the latter.

Companies