Crane Currency says it will be printing banknotes by the end of 2017, as its new banknote printing facility in Malta nears completion.
Crane Currency first announced its intention to invest US $100 million in a new banknote printing facility in Malta in September last year.
Following the laying of the facility’s foundation stone at a ceremony last December, the facility is now almost complete. The company has already begun to employ some of the 200 intended staff, including some from the Malta College of Arts Science and Technology (MCAST) who successfully completed a printing course held between January and June this year.
Other employees began working at the end of May and have since attended a 10 day training course held in Austria.
Overseeing the new works is John Scott, Operations Director for Crane Currency in Malta. Speaking at a recent meeting, he said the company’s plan is moving according to schedule.
“We will be producing banknotes out of this new factory before the end of 2017 and we will be in full production very early 2018. We’re in a very fortunate position that our order book and customer base means we can allocate various orders.” John Scott, Operations Director (Malta), Crane Currency
Source: Television Malta
Crane Currency website