Latest News

Astrid Mitchell

31 Oct. 2024

3 min read

De La Rue Authentication Sale Secures Finances and Future

De La Rue has announced that it will sell its Authentication Division to Crane NXT for a cash consideration representing an enterprise value of £300 million.

Companies

Astrid Mitchell

31 Oct. 2024

5 min read

Orell Füssli’s New Environmental Evaluation Software: BEES®

At the Global Currency Forum, Daniel Schwarzbach, Innovation Director at Orell Füssli Security Printing (OFS), unveiled the company’s new tool for measuring the environmental impact of banknotes – BEES® (Banknote Environmental Evaluation Software), which it believes is the first design-oriented LCA (Life Cycle Assessment) tool not just for banknotes, but for any sector.

Companies Technology

Astrid Mitchell

31 Oct. 2024

2 min read

Spectra Reports Half Year Revenue and Profit Increase

In the first half of 2024, Spectra Systems achieved sales of $22.74 million, an increase of 96% compared to the first half of 2023.

Companies

Francisco Mandiola

31 Oct. 2024

7 min read

Will the Swan Really Sing?

On 3 October, the Argentinean media went wild announcing that Milei’s never- a-dull-moment government would be restructuring and, possibly closing, the Argentine Mint (Casa de Moneda República Argentina – CAMOAR).

Companies

Astrid Mitchell

31 Oct. 2024

2 min read

Tenders and Contract Awards

In this new periodic feature for Currency News™ we report on the latest tenders and contract awards for banknotes, coins and related services.

Companies

Astrid Mitchell

31 Oct. 2024

3 min read

CIT Monopoly in New Zealand Risks Repeat of Problems in Australia

New Zealand’s Commerce Commission has cleared the way for Evergreen NZ Holdings to acquire 100% of the shares of ACM New Zealand. Evergreen already owns Armourguard, the country’s dominant supplier of CIT and related service, and the acquisition of ACM from its parent Linfox Armaguard will create a monopoly.

Companies Free Free

Astrid Mitchell

31 Oct. 2024

2 min read

All Change at the Royal Australian Mint

Titled ‘Change’, the Royal Australian Mint’s 2023 annual report is aptly named for an organisation that experienced multiple significant changes over the course of last year, including the introduction of the new royal effigy on its circulating coins and the extensive renovation of its visitor centre.

Companies

Astrid Mitchell

31 Oct. 2024

1 min read

And the Happy Winners Are …

In last month’s issue of Currency News, we provided details of Oberthur Fiduciaire’s new house note series, on the theme of the Art of Butterflies, comprising five different designs and five different security threads printed on one sheet.

Companies

Tim Berridge

30 Sept. 2024

4 min read

How SPARTAN™ Solves the ‘Change’ Management Challenge

Recent months have revealed the significant financial pressures mints face as they contend with declining demand in a competitive and crowded market characterised by oversupply.

Companies

Astrid Mitchell

29 Sept. 2024

3 min read

Hueck Folien Takes Major Strides Toward Eco-Neutral Production

Austrian-based film and foil specialist Hueck Folien, a leading supplier of security threads and foils for banknotes, is taking a number of steps to put its products at the forefront of sustainability and reach its goal of ecologically-neutral production by 2035.

Companies Sustainability

Astrid Mitchell

29 Aug. 2024

2 min read

Mint of Finland to Close Next Year

The Mint of Finland (Suomen Rahapaja) is to cease operations and wind down in an orderly manner by next year, its Managing Director Jonne Hankimaa, has announced, bringing to an end a 160-year business which first began minting coins in 1864 under the Russian emperor Alexander III.

Companies

Astrid Mitchell

29 Aug. 2024

3 min read

Interim Results – More Encouraging Signs

Last month we reported on the broadly positive interim results for two leaders in the currency sector – Orell Füssli and Prosegur. This month is the turn of Brinks, NCR Atleos, Diebold Nixdorf and Crane NXT.

Companies

Astrid Mitchell

29 Aug. 2024

3 min read

A Perfect Storm for Mints

The news that the Mint of Finland is closing down will no doubt be cited by many as another grim reminder that cash is on the way out. Certainly, that was the reason given by the company when it announced that it is winding down and will cease operations next year.

Companies Free Free

Astrid Mitchell

1 Aug. 2024

2 min read

Interim Results – Encouraging Signs

This month we report on the interim results for two leaders in the currency sector – Orell Füssli Security Printing and Prosegur Cash.

Companies

Astrid Mitchell

1 Aug. 2024

3 min read

Authentix Buys Meta Materials’ Authentication Business

Texas-based security solutions provider Authentix has announced the completion of an asset purchase agreement for Nanotech Security Corporation (NCS), the security subsidiary of Meta Materials, which offers solutions for banknote authentication and brand protection. The purchase price for the assets is understood to be in the region of $10 million.

Companies

Astrid Mitchell

1 Aug. 2024

2 min read

New York Fed Plans New Cash Centre

The Federal Reserve Bank of New York has announced that it plans to transition its cash operations in East Rutherford, New Jersey to a new next-generation cash services centre within the Second District.

Companies

Astrid Mitchell

1 Aug. 2024

2 min read

Spectra Systems Reports Another Successful Year

Spectra Systems’ annual report, released at the end of June, showed revenues for 2023 increased by 3.4% to $20.28 million and operating profit, EDITDA (before stock compensation expenses) by 3.9% to $8.39 million.

Companies

Astrid Mitchell

1 Aug. 2024

2 min read

De La Rue Results in Line with Expectations

De La Rue has released a comprehensive set of full year results for FY2023/24. These results were in line with market expectations and its previous trading update.

Companies

Astrid Mitchell

3 July 2024

2 min read

RCM Among Canada’s Best Corporate Citizens – Again

The Royal Canadian Mint (RCM) has once again been ranked among Corporate Knights’ Best 50 Corporate Citizens in Canada. The ranking is based on 24 quantitative key performance indicators relating to resource management, employee management, financial management, clean revenue, clean investment and supplier performance.

Companies

Astrid Mitchell

3 July 2024

2 min read

‘BNSx’ Strives to Achieve Excellence at Koenig & Bauer

Koenig & Bauer, in its report on its first quarter results, gave further details of its Spotlight programme, launched earlier this year to prioritise initiatives and business models that boost earnings and financial strength, deprioritise initiatives that do not directly impact earnings and optimise the group and segment organisation as well as the indirect cost structure to make processes even leaner and more customer-friendly.

Companies