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Crane Currency prints its one billionth banknote at Malta facility

Staff at Crane Currency celebrate the achievement.

Staff at Crane Currency celebrate the achievement.

Crane Currency has printed its one billionth bank note at its Malta facility, 10 months after the start of production in December.

“This has been no mean feat. Printing bank notes involves complex and exacting processes. From start to finish, each bank note takes around four weeks to print and requires the precise co-ordination of over 350 employees.

Read: Crane Currency machines serviced by Schembri's Kasco

"We’re thrilled that we have managed to print our billionth bank note in under 10 months. This has been a tremendous achievement. We’re thrilled by the whole team’s commitment to quality, efficiency and cost-effectiveness,” director of operations John Scott said.

Crane’s Malta facility is the first commercial bank note printing facility to be built in several decades, and marks a historic milestone in the company’s 200+ year history.

The new facility offers the latest in printing equipment and technology to support the most demanding central bank requirements.

Malta Enterprise has financed the €27 million tailor-made factory in Ħal Far and government agreed to guarantee most of the loans needed by Crane to buy its machinery and plant equipment.

Malta Enterprise further agreed to subsidise interest rates on loans acquired from Bank of Valletta.

 

 

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