Cerutti Packaging Equipment has reached an agreement with Innovia Security to deliver a new generation gravure press R98X for Innovia’s new plant currently being built in Wigton, England. After completion of the plant the delivered new Cerutti press will be used for the production of new polymer substrate banknotes of £5 and £10 due for release in2016 and 2017 respectively.
Jaime Pacreu, Innovia Security’s Director – Technical Services, is responsible for the construction and commissioning of Innovia Security’s new opacification plant currently being built in Wigton, England.
“In servicing our customers, we are seeking to deliver the highest quality standards in the manufacture of Guardian® polymer substrate and Cerutti has clearly shown their commitment to supporting us in that goal. We have had the benefit of working with Cerutti presses for many years in our Australian and Mexican plants. This has given us significant insight into maximising the performance of this new generation customised machine which includes advanced technology for Guardian® security features and 11 colour printing units.”
Giancarlo Cerutti (Chairman & CEO of Cerutti Packaging Equipment and of the Cerutti Group)adds: “We, at Cerutti, are particularly proud that Innovia Security has renewed its trust in our company by ordering this latest generation gravure press. After having supplied equipment for the successful production of Guardian® polymer banknote in Australia and Mexico, which has served numerous countries all around the world, this new very important order confirms that our product is deemed capable of satisfying fully the high expectations of an important end user such as Innovia Security. This new press will serve the United Kingdom and represents a great recognition of the technological capability of our company, of its reliability and of Italian workmanship.”
Innovia Security is the supplier of Guardian®, the world’s most sophisticated banknote substrate which is currently issued on 77 denominations in 23 countries worldwide.
The first Guardian® banknote was issued as a commemorative $10 note in 1988, the year of Australia’s bicentenary, containing both the first transparent window and first hologram of any type, making it the most secure banknote of its time. After being successfully received by the public, the RBA introduced a $5 note for general circulation in 1992 followed by successive notes in the years following. Throughout the 1990s, Guardian® banknote substrate steadily grew in popularity throughout the world, with the innovative polymer-based technology gaining the trust and confidence of more than 30 Central Banks to either adopt Guardian® for use in mainstream denominations or as a commemorative note as a test and forerunner to future use.
More news on Guardian® polymer banknotes
As reported in Currency News, performance data on a full family of polymer banknotes was presented at the 2014 Banknote Conference held in Washington DC in April.
The main objectives for the new series were to increase security, lower lifecycle costs and provide more environmentally-friendly notes, along with a platform for future security developments.
Whilst recognising that the series is still relatively new, the assessment confirmed an exceptionally low level of counterfeits to date. As for durability, the Guardian® polymer banknote family is exceeding initial forecasts. Finally, the green credentials of the Guardian® polymer family were being assessed (read independent banknote substrate lifecycle assessment here) with no evidence to suggest that the criteria would not be met.