Bank of England picks De La Rue, Australia's CCL for plastic banknotes
Reuters
Published Jun 04, 2019 12:28
Bank of England picks De La Rue, Australia's CCL for plastic banknotes
LONDON (Reuters) - The Bank of England said on Tuesday it had awarded an eight-year contract to produce the polymer for a new plastic 50-pound banknote and future five and 10-pound notes to printers De La Rue (LON:DLAR) of Britain and Australia's CCL Secure.
CCL Secure, previously known as Innovia, is currently the sole producer of the polymer substrate for five and 10-pound notes.
De La Rue will provide 45% of the substrate for the initial launch stock of 50-pound notes, and CCL 55%, starting next year.
CCL and De La Rue will also supply substrate for future five and 10-pound notes.
De La Rue is currently responsible for printing all Bank of England notes at a BoE facility in eastern England.
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Written By: Reuters
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