Bank note printer expands services
Banknote printer De La Rue has secured multiple tax stamp contracts in a refocus of its services.
Thursday, 28 Mar 2019 10:53 GMT
De La Rue will supply tobacco tax stamps in six countries
The printer will supply tobacco tax stamps to be used to fight illicit trade and reduce risk to citizen’s health in six European countries.
The new deal comes just four months after the firm lost its contract with the British government to print identity documents in November 2018.
Having lost the contract to European rival Gemalto, the firm reviewed its options and has now refocused to a new avenue.
As a result of the new contracts, De La Rue will deliver more than 3.5bn tax stamps each year to be applied on tobacco products sold in the UK, France, Austria, Sweden, Finland and Cyprus.
The custom-designed stamps contain visible and invisible security features in compliance with the EU Tobacco Products Directive (EUTPD).
We are pleased to have made further progress in growing our Product Authentication & Traceability business”
Following recent expansion, the printing firm has installed a £10m new production line in Malta to increase capacity and flexibility for tax stamps and secure labels.
De La Rue has also been appointed by HMRC to implement a digital track and trace system for all tobacco products sold in the UK in support of its implementation of the EUTPD.
The firm has also been employed to manage this service for HMRC alongside the 57,000 economic operators serving the UK tobacco sector.
Commenting on the new contracts, Martin Sutherland, chief executive officer of De La Rue says: “We are pleased to have made further progress in growing our Product Authentication & Traceability business.
“The tax stamp market is large and fast growing and as one of the largest tax stamp solution providers, we believe we are best placed to capture this opportunity.”
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