Sweden’s Sveriges Riksbank has stated that it will find a replacement banknote supplier following Crane’s announcement that it is relocating to Malta. The announcement from the Central Bank came following news published last week that Crane Currency will be relocating its banknote printing facilities from Tumba in Sweden to Malta. The Bank responded to Crane’s relocation news on Friday…
Crane Currency has announced that it will close its printing plant in Tumba, Sweden, moving its banknote printing operations to its newly opened facility in Malta. The paper mill, design team and related departments will continue to operate from the Tumba facility. The Swedish banknote printing plant has been operating since 1755 when it was run by the…
Banknote supplier Crane Currency has confirmed that it plans to build a new banknote printing facility and customer experience centre in Malta. According to Crane’s press release dated 22 September 2016, the new facility will represent an investment of US $100 million for the construction of the factory, the machinery and the equipment. The new…
Banknote printer Crane Currency has entered a partnership with the Central Bank of Morocco, Bank Al-Maghrib, to print international banknotes. A statement detailing the partnership was issued on websites for both Crane and Bank Al-Maghrib dated November 12, 2014. The agreement is expected to be beneficial for both parties, by contributing “to the global expansion…