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Fortress Papers Ltd announced yesterday that Durasafe®, produced by its Landqart Mill, has been confirmed as the substrate for the next series of Swiss Franc banknotes.

Security paper manufacturer Lanqart AG developed Durasafe® in co-operation with Swiss Federal Institute of Technology in Zurich. It has a central polymer layer with two outer cotton paper layers.

“After several years of development, we are pleased to have Durasafe® accepted as the substrate for the new Swiss Franc series. The Swiss Franc is widely accepted as having one of the highest standards of banknote security features in the world and we believe this reference contract will enable us to further generate interest with state banks around the world.” Chadwick Wasilenkoff, Chief Executive Officer, Fortress Paper

The new Swiss banknotes will be the ninth series issued by the Swiss National Bank. The issue of the first denomination, the CHF 50, was expected in 2012 but due to technical problems the project has been delayed until 2015.

Source: Fortress Paper