Crane Currency, a Crane Co. company and a fully integrated supplier of secure, durable and well-designed banknotes for central banks all over the world, officially opened its print and production hall at the Malta facility.
The Prime Minister of Malta, Hon. Dr. Joseph Muscat officially opened the facility, which will represent an investment of approximately $100 million in terms of the construction of the factory, the machinery and the equipment procured. During his speech at the ribbon-cutting event, the Prime Minister of Malta said, “I am sure that with their solid experience across industries, Crane Co will become another mainstay brand name associated with Malta’s industry highflyers.”
Annemarie Watson, President of Crane Currency commented, “We are proud of this achievement, of the tremendous work done by the crews here in Malta to expand our banknote printing capacity. Today’s ceremony is testimony to Malta’s business-friendly environment and skilled workforce. These and its great location made Malta an obvious choice for our banknote printing works and Customer Experience Centre.”
Crane Currency Malta is the first commercial banknote printing facility to be built in several decades and offers the latest in printing equipment and technology to support the most demanding customer requirements. As banknotes move away from ‘ink on paper’ to security features like Crane’s MOTION® micro-optics and highly engineered substrates, the capabilities of printing works have had to evolve. Crane Currency Malta reflects this technological evolution in its layout and equipment.
Crane Currency is the fastest growing global player in currency, investing substantially in micro-optic technology that prevents counterfeiting. It has been supplying paper and security services to the US Government since 1879. Crane Currency designs and prints banknotes for about 50 Central Banks globally.