The planned 140,000 square foot facility, expected to be completed in early 2018, is being constructed in the Hal Far industrial area.
September 22, 2016
Crane Currency announced plans to build a new banknote printing facility and customer experience center in the country of Malta. The Malta facility will represent an investment of approximately USD 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. The company made the announcement during a visit to its offices by the Prime Minister of Malta, The Honorable Dr. Joseph Muscat.
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.
The country of Malta has a well-known history of banknote production providing Crane access to a skilled workforce. In addition, Malta has a business-friendly environment and is located in close proximity to many of Crane’s customers. Crane Currency Malta will be the first commercial banknote printing facility to be built in several decades.
The state-of-the art banknote production and customer experience center will offer the latest in printing equipment and technology to support the most demanding customer requirements. As banknotes move away from ‘ink on paper’ to a combination of highly engineered substrates and applied security features like Crane’s MOTION® micro-optics, the capabilities of the modern printing works must also evolve. Crane Currency Malta will reflect this technological evolution in its layout and equipment.
Crane Currency is a fully integrated supplier of secure, durable and well-designed banknotes for central banks all over the world.
