by JJPDe La Rue Passports Banknotes
Posted on Thursday, December 3, 2015
De La Rue plc has announced the results of a review to optimise its manufacturing footprint. This operation is designed to demonstrate positive early progress on the delivery of a five year strategic plan by the Company and was published yesterday (2nd December)
The Group is seeking to maintain its leading position in the commercial banknote market by optimising its manufacturing footprint to deliver the right capability, capacity and cost base. It plans to invest less than £30m. The majority of the investment will be used to replace and modernise existing print equipment over the next two years and to reduce the number of production lines from eight to four. This will reduce core production capacity from current 8bn to 6bn banknotes a year, with ability to flex up to 7bn through built in flexibility. Volumes in excess of 7bn notes will be achieved through external partnerships.
Jeremy Plimmer has 35 years of experience in the security related print and packaging industry working originally as sales development director for manufacturers of passports, high security print and labels and more recently as a consultant. He is a graduate member of the Chartered Institute of Marketing, a Fellow of the Institute of Minerals, Materials and Mining, chairman of the West Midlands Packaging Society as well as vice chairman of the East Midlands Packaging Society.Read More
The Product & Image Security Foundation is a non-profit making trade association which was originally formed under the name of Label & Tag Security International (LTSI) in the early 1990's.
Today it operates with more than 100 members in 27 countries and is the premier international forum for manufacturers, suppliers and users of labels, tags, packaging, identification systems, materials and systems for any form of product security, brand image protection or product traceability applications and technology.