Innovia Group buys Australian secure ink maker
Bloomberg reports that Innovia Group will buy Barroven, an Australian maker of secure inks. This move is seen as Innovia trying to secure the supply chain needed for making polymer substrate used for polymer banknotes.
Innovia is responsible for 99.9% of all polymer sheets used for making plastic banknotes. From its new facility in Wigton, Innovia will be manufacturing the new polymer banknote substrate for the Bank of England beginning with the £5 note due to be issued in September 2016 and the new £10 note in 2017.
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