Crane Currency plans to build a new banknote printing facility and customer experience center in the country of Malta, as the company says in the press release received by Lesprom Network.
The Malta facility will represent an investment of approximately $100 million for the construction of the factory, the machinery and the equipment. The company expects to initially hire approximately 200 new employees. The planned 140,000 square foot facility, expected to be completed in early 2018, is being constructed in the Hal Far industrial area.
Crane currently supports its international customers from its Tumba, Sweden operations which includes a modern printing works, banknote paper mill and design services team and from its security technologies operation in New Hampshire and Georgia.
Crane Currency Malta will be the first commercial banknote printing facility to be built in several decades.
Crane has been a global producer of currency products for more than 200 years and is entrusted by more than 50 central banks to play an integral role in the design and manufacture of their nations' banknotes.
