Posted on Thursday, December 1, 2011
Giesecke & Devrient (G&D) announced today (Dec 1st 2011) that a restructuring of BA International Inc., its banknote printing operation in Ottawa is taking place. As a result of changing conditions in the local Canadian banknote market, BA International will cease printing banknotes for the Canadian and international market at the end of 2012.
G&D and the Bank of Canada are in discussions about new services to be provided to the Bank by BA International. It is expected that these discussions will be concluded successfully and that as a result, a number of the 190 BA International employees will be retained.
The introduction of polymer banknotes in Canada (see Product & Image Security Newsletter No.81) significantly changes the local banknote market. Given that these notes are expected to last longer, the requirement to reprint banknotes is expected to drop from 2013 onwards. This reduction in locally secured capacity utilisation cannot be compensated by international orders.
The restructure of the company’s banknote printing operations was not an easy decision. G&D has acknowledged the fine work the team has produced over the years.
Giesecke & Devrient told Product & Image Security that the Company remains committed to carrying on other business opportunities in Canada including the production and personalisation of payment and ID card systems for the Canadian market.
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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.